Which of the Following Calculations Will Yield the Correct Measure

question 27

Multiple Choice

Which of the following calculations will yield the correct measure of real GDP?

• A) Multiply nominal GDP by the GDP deflator.
• B) Divide the GDP deflator by the consumer price index.
• C) Divide nominal GDP by the consumer price index.
• D) Multiply nominal GDP by the consumer price index.
• E) Divide nominal GDP by the GDP deflator.

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Definitions:

Strategic Change

Change of a larger scale, such as organizational restructuring.

Operational Change

Adjustments made to the day-to-day operations of an organization, aiming to improve efficiency or effectiveness.

Transformational Change

Change in which the organization moves to a radically different, and sometimes unknown, future state.

Radically Different

Drastically unlike or divergent from what is traditional, standard, or expected.