If in Some Year Nominal GDP Was $20 Billion and the GDP

question 28

Multiple Choice

If in some year nominal GDP was $20 billion and the GDP deflator was 50,what was real GDP?

• A)$2.5 billion.
• B)$10 billion.
• C)$40 billion.
• D)$100 billion.

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Definitions:

Adult-Like Proportions

A description of the physical development stage where the body dimensions resemble those of an adult.

Head Start

A program in the United States that provides comprehensive early childhood education, health, nutrition, and parent involvement services to low-income children and their families.

War on Poverty

refers to a set of programs introduced in the 1960s by President Lyndon B. Johnson aiming to reduce poverty in the United States.

Public Broadcasting System

A non-profit television network in the United States that provides educational, cultural, and news-related content to the public.