If Nominal GDP Is $10 Trillion and Real GDP Is

question 4

Multiple Choice

If nominal GDP is $10 trillion and real GDP is $8 trillion,then the GDP deflator is

• A)80,and this indicates that the price level has decreased by 20 percent since the base year.
• B)80,and this indicates that the price level has increased by 80 percent since the base year.
• C)125,and this indicates that the price level has increased by 25 percent since the base year.
• D)125,and this indicates that the price level has increased by 125 percent since the base year.

Learn about the persecution and expulsion of religious groups in Europe from the sixteenth to the eighteenth centuries.

Grasp the reasons behind and implications of the end of serfdom from the twelfth century.

Understand the establishment and significance of Canon Law for the Western Church.

Identify the role and nature of the janissaries in the Ottoman Empire.

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In a way that produces strong, clear images in the mind; bright, intense.

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A method of creating art where the artist applies mediums like paint or ink to a canvas fabric surface.