Insert $$\in$$ Or $\notin$ In the Blank to Make the Statement Is True

question 546

Multiple Choice

Insert $$\in$$ or $\notin$ in the blank to make the statement is true.
-

• A) \(\in\)
• B) \(\notin\)

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Definitions:

Nominal GDP

The gross domestic product measured at current market prices, not adjusting for inflation, reflecting the value of all goods and services produced.

Real GDP

The total value of all goods and services produced by an economy over a specific time period, adjusted for inflation.

Price Level

The mean of present prices for all goods and services produced within an economy, typically gauged by a price index.

Exchange Rate

the value of one currency for the purpose of conversion to another, showing how much of one currency can be exchanged for a unit of another currency.