Suppose That Nominal GDP Is $1,000 in 2009 and $1,500

question 100

Multiple Choice

Suppose that nominal GDP is $1,000 in 2009 and $1,500 in 2010. If the overall price level increased by _____% between 2009 and 2010, we could say that real GDP _____.

• A) 50; stayed constant
• B) less than 50; decreased
• C) more than 50; increased
• D) 50; increased

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Definitions:

Student Engagement

The degree of attention, curiosity, interest, optimism, and passion students show towards their learning process.

Posttraumatic Growth

The positive psychological change experienced as a result of the struggle with highly challenging life circumstances.

Life Priority Change

Adjustments made to one's values or goals as a response to various life situations or insights.

Perceptual Change

A modification in the way an individual views or interprets information due to various factors.