If Nominal GDP Is $12 Trillion and Real GDP Is

question 41

Multiple Choice

If nominal GDP is $12 trillion and real GDP is $10 trillion,then the GDP deflator is

• A)83.33,and this indicates that the price level has decreased by 16.67 percent since the base year.
• B)83.33,and this indicates that the price level has increased by 83.33 percent since the base year.
• C)120,and this indicates that the price level has increased by 20 percent since the base year.
• D)120,and this indicates that the price level has increased by 120 percent since the base year.

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Definitions:

Emergency Department

The section of a hospital responsible for providing immediate medical care to patients with acute illnesses or injuries.

Interview Phase

A stage in the evaluation process where individuals are questioned to gather information on their background, skills, or opinions, emphasizing the procedural aspect.

Battered

Subjected to repeated physical violence, often used to describe individuals in abusive relationships.

Open-Ended Question

A question formatted to allow for a response more extensive than a single word or fixed choice, facilitating discussion or detailed information gathering.