GDP Is $10 Trillion in 2001

question 84

Multiple Choice

GDP is $10 trillion in 2001. If the GDP deflator is 100 in 2000 and is 110 in 2001, what is real GDP?

• A) $10.0 trillion
• B) $11.1 trillion
• C) $9.09 trillion
• D) $110.0 trillion

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Definitions:

Financial Calculation

The process of using mathematical and statistical methods to analyze and assess financial data and scenarios.

Daily Interest

Interest calculated on a daily basis, typically used in various financial products and accounts.

Exponential Notation

A way of writing numbers that accommodates values too large or small for ordinary notation, using a base number raised to a power.

Arithmetic Operations

Fundamental arithmetic processes including adding, subtracting, multiplying, and dividing.