If in Some Year Real GDP Was $25 Billion and the GDP

question 2

Multiple Choice

If in some year real GDP was $25 billion and the GDP deflator was 68,what was nominal GDP?

• A)$2.72 billion.
• B)$17 billion.
• C)$36.8 billion.
• D)$43 billion.

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Definitions:

Premonition

A strong feeling that something is about to happen, especially something unpleasant.

Random Assignment

Assigning participants to experimental and control groups by chance, thus minimizing preexisting differences between those assigned to the different groups.

Illusory Correlation

A cognitive bias in which a relationship between two variables is perceived to exist when in fact there is none or it is much weaker than assumed.

Dreams

Mental experiences during sleep, often containing imagery, thoughts, and emotions, which can range from mundane to deeply symbolic.