Nominal GDP Was $12

question 97

Multiple Choice

Nominal GDP was $12.1 trillion and real GDP is $11 trillion. The GDP price index is_{-------------}

• A)110.0
• B)90.1
• C)91.0
• D)1.10
• E)121.0

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Definitions:

IQR

The interquartile range, a measure of variability, expressed as the difference between the 25th and 75th percentiles of the data.

Median

The middle value in a data set, which divides the data into two halves when arranged in order.

Mean

The arithmetic average of a set of numbers, calculated by dividing the sum of all the values by the count of numbers.

Range

The difference between the highest and lowest values in a set of numbers.