If Nominal GDP Is $12,000 and the GDP Deflator Is

question 122

True/False

If nominal GDP is $12,000 and the GDP deflator is 80, then real GDP is $15,000.

---

Definitions:

Self-help Groups

Organized gatherings where individuals share experiences and offer mutual support, often focusing on overcoming personal challenges or disorders.

Group Therapy

A form of psychotherapy that involves one or more therapists working with several individuals simultaneously.

Professional Therapists

Licensed individuals trained to provide psychological support and therapy to people experiencing mental health issues.

Behavior Therapist

A mental health professional who specializes in treating clients using principles of behavior modification and cognitive-behavioral techniques.