Table 23-3
the Following Table Reports Nominal and Real GDP

question 196

Multiple Choice

Table 23-3
The following table reports nominal and real GDP for the U.S. from 1929 to 1932.
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$$\begin{array} { | c | c | c | } \hline \text { Year } & \begin{array} { c } \text { Nominal GDP } \\\text { (Billions of dollars) }\end{array} & \begin{array} { c } \text { Real GDP } \\\text { (Billions of dollars) }\end{array} \\\hline 1929 & 103.6 & 977 \\\hline 1930 & 91.2 & 892.8 \\\hline 1931 & 76.5 & 834.9 \\\hline 1932 & 58.7 & 725.8 \\\hline\end{array}$$
-Refer to Table 23-3. If prices had remained constant between 1929 and 1930, Nominal GDP would have decreased

• A)8.62%.
• B)9.43%.
• C)11.97%.
• D)13.6%.

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Definitions:

Toxic By-products

Harmful substances produced during manufacturing processes or chemical reactions.

Psychological Dependence

A form of dependence characterized by a perceived need to continue a behavior to achieve emotional or psychological fulfillment.

Physical Dependence

A physiological state of adaptation to a substance, characterized by the occurrence of specific withdrawal symptoms when it is discontinued.

Drug-centered Lifestyle

A way of life that prioritizes the consumption of drugs, often leading to social, legal, and health problems.