Table 10-3
the Table Below Reports Nominal and Real GDP

question 92

Multiple Choice

Table 10-3
The table below reports nominal and real GDP for the U.S. from 1929 to 1932. $$\begin{array} { c c c } \hline \text { Year } & \begin{array} { c } \text { Nominal } \\\text { GDP }\end{array} & \text { Real GDP } \\\hline 1929 & 103.6 & 977 \\1930 & 91.2 & 892.8 \\1931 & 76.5 & 834.9 \\1932 & 58.7 & 725.8 \\\hline\end{array}$$
-Refer to Table 10-3. What was the growth rate of real GDP for 1930?

• A)-8.62%. Real GDP is a better gauge of economic well-being than nominal GDP.
• B)-8.62%. Nominal GDP is a better gauge of economic well-being than real GDP.
• C)-9.43%. Real GDP is a better gauge of economic well-being than nominal GDP.
• D)-9.43%. Nominal GDP is a better gauge of economic well-being than real GDP.

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Definitions:

Autonomic Nervous System

The part of the nervous system responsible for control of the bodily functions not consciously directed, such as breathing, the heartbeat, and digestive processes.

Motor Response

The physical reaction or movement in response to a specific stimulus, mediated by the central and peripheral nervous systems.

Motor Neuron

A type of neuron that transmits signals from the central nervous system to muscles or glands, causing them to act.

Effector

An organ or cell that acts in response to a stimulus, often involved in producing a response in the body.