Between 2009 and 2012, a Country's Nominal GDP Grew by 18

question 45

Essay

Between 2009 and 2012, a country's nominal GDP grew by 18 percent and its inflation rate (based on the chain-weighted price index for GDP)was 11 percent. How fast did real GDP grow over this period?

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Definitions:

Rationalization

A defense mechanism whereby individuals justify or explain their behavior or feelings in a seemingly logical or rational way, often to avoid confronting the true motives or emotions underlying their behavior.

Intellectualization

A defense mechanism where a person engages in excessive abstract thinking to avoid dealing with emotional issues.

Subtle Form

An indirect or not immediately obvious manner of manifestation or expression.

Identification

A psychological process in which an individual assimilates attributes, beliefs, or standards of another person or group, often serving as a role model.