Nominal GDP Is

question 20

Multiple Choice

Nominal GDP is

• A)GDP valued at prices of that year.
• B)real GDP valued at base year prices.
• C)real GDP adjusted for price changes.
• D)GDP valued at constant prices.

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Definitions:

LEO

Low Earth Orbit, the region of space around the Earth at altitudes between approximately 160 to 2,000 kilometers.

MEO

Medium Earth Orbit, a type of orbit for satellites that is located approximately 2,000-35,786 kilometers above the Earth's surface.

GEO

An abbreviation for Geostationary Orbit, a circular orbit 35,786 kilometers above the Earth's equator and following the direction of the Earth's rotation.

LEO

Low Earth Orbit, a satellite system orbiting relatively close to Earth, often used for telecommunications, military, and observation purposes.