Suppose That Real GDP for 2017 Was $10,000 Billion and Real

question 143

Multiple Choice

Suppose that real GDP for 2017 was $10,000 billion and real GDP for 2018 was $9,500 billion.What is the rate of growth of real GDP between 2017 and 2018?

• A)-10%
• B)-5%
• C)-2%
• D)-1%

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Definitions:

Tip-Of-The-Tongue

A cognitive phenomenon where a person cannot recall a specific word or fact despite feeling that retrieval is imminent.

Flashbulb Memory

Highly detailed and vivid memories of momentous events, which are often remembered with high confidence but not always with accurate detail.

Executive Control System

A cognitive system in the brain responsible for the regulation of thought and action through supervisory attentional control.

Dual-Coding

Dual-coding theory proposes that both verbal and visual information are used to represent information, with the two forms of coding supporting each other in memory retention.