If Real GDP Is 5,100 and Nominal GDP Is 4,900,then

question 5

Multiple Choice

If real GDP is 5,100 and nominal GDP is 4,900,then the GDP deflator is

• A)104.1 so prices are higher than in the base year.
• B)104.1 so prices are lower than in the base year.
• C)96.1 so prices are higher than in the base year.
• D)96.1 so prices are lower than in the base year.

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Definitions:

Lactate Ion

The lactate ion is a negatively charged molecule (anion) produced by the loss of a hydrogen atom from lactic acid, commonly formed during anaerobic respiration.

Lactic Acid

A natural organic acid present in milk and produced in the muscles during intense activity.

Blood Ph

A measure of the acidity or alkalinity of the blood, typically maintaining around 7.35 to 7.45, making it slightly basic.

Hydrogen Ions

Positively charged ions (H+) that form when a hydrogen atom loses its electron, crucial in acid-base chemistry.