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

question 227

Multiple Choice

Table 23-3
The following table reports nominal and real GDP for the U.S. from 1929 to 1932.
​
$$\begin{array} { | c | c | c | } \hline \text { Year } & \begin{array} { c } \text { Nominal GDP } \\\text { (Billions of dollars) }\end{array} & \begin{array} { c } \text { Real GDP } \\\text { (Billions of dollars) }\end{array} \\\hline 1929 & 103.6 & 977 \\\hline 1930 & 91.2 & 892.8 \\\hline 1931 & 76.5 & 834.9 \\\hline 1932 & 58.7 & 725.8 \\\hline\end{array}$$
-Refer to Table 23-3. What are the GDP deflator and the inflation rate for 1931?

• A)9.16, ?11.5
• B)9.16, ?10.3
• C)1091.37, 10.3
• D)1091.37, 11.5

---

Definitions:

Enterprise Rent-A-Car

A car rental company that offers vehicle rental services to consumers and businesses, known for its extensive network and emphasis on customer service.

Management Goals

The objectives or targets that management aims to achieve to fulfill the organization's mission and vision.

Goal Clarity

The degree to which the objectives or targets to be achieved are clearly defined, understood, and measurable, contributing to effective planning and execution.

Goal Difficulty

the extent to which a goal is challenging and requires effort to achieve, often influencing motivation and performance outcomes.