In Year One,the GDP Deflator Is 100 and in Year

question 72

Multiple Choice

In year one,the GDP deflator is 100 and in year two 110.If nominal GDP in year two is $300 billion,what is real GDP for year two?

• A)$200 billion.
• B)$100 billion.
• C)$272.73 billion.
• D)$220 billion.

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Definitions:

EPA

Environmental Protection Agency, a U.S. federal government agency responsible for protecting human health and the environment by writing and enforcing regulations.

Comprehensive Program

A detailed and inclusive plan or strategy designed to achieve a specific set of goals or to address a particular issue effectively.

Climate Change

A significant, long-term shift in global or regional climate patterns, often attributed to human activities such as burning fossil fuels, leading to phenomena such as global warming.

Federal Government

The central government system which has authority over a union of states or provinces, managing affairs that affect the entire nation.