If the Percent Change in Nominal GDP Is 5% and Inflation

question 46

Multiple Choice

If the percent change in nominal GDP is 5% and inflation is 3%, the percent change in real GDP is:

• A)0%.
• B)2%
• C)8%.
• D)15%.

---

Definitions:

Personality

Consistent behavior patterns and intrapersonal processes originating within the individual.

Monozygotic Twins

Twins that originate from a single fertilized egg, which then splits and develops into two genetically identical individuals.

Genes

Units of heredity made up of DNA that are responsible for inheriting specific traits from parents to offspring.

Biological Determinants

Biological determinants are factors like genes, brain chemistry, and physical health that significantly influence an individual's behavior and mental processes.