In the First Quarter of 2010, Nominal GDP Was $14,592

question 147

Multiple Choice

In the first quarter of 2010, nominal GDP was $14,592.3 billion and the GDP deflator was 110.2. Real GDP for the first quarter of 2010, then, was equal to:

• A) $13,133.1 billion.
• B) $13,241.7 billion.
• C) $13,103.9 billion.
• D) $13,424.9 billion.

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Definitions:

Credit Risk Analysis

The process of evaluating the risk of potential default by a borrower or counterparty.

Forecast Horizon

The maximum period for which a prediction or forecast is considered valid or reliable, beyond which the uncertainty becomes too large.

Depreciation Expense

The portion of the total cost of a tangible asset that is charged as an expense in a particular accounting period due to its usage and wear and tear.

Financial Structure

The mix of a company's liabilities and shareholders' equity used to finance its assets, including short-term and long-term debt, as well as equity capital.