Suppose a Nation's 2010 Nominal GDP Was $972 Billion and the General

question 120

Multiple Choice

Suppose a nation's 2010 nominal GDP was $972 billion and the general price index was 90.To make the 2010 GDP comparable with the base year GDP, the 2010 GDP must be

• A)deflated to $678 billion.
• B)deflated to $896 billion.
• C)inflated to $1,080 billion.
• D)deflated to $1,080 billion.

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Definitions:

Sabbatical

A period of paid or unpaid leave granted to a university teacher or other worker for study or travel, traditionally every seventh year.

Sabbatical

A period of leave granted to an employee, often for research or study, which is considerably longer than typical vacation time.

Expatriate Assignment

A work assignment which involves an employee relocating to a different country for a designated period to perform job duties.

Temporary Leave

A period of time that an employee is allowed to be away from their job for specific reasons, such as health issues, family commitments, or education, often with the intention of returning to the job.