If Nominal GDP in 2009 Equals $14 Trillion and Real

question 35

Multiple Choice

If nominal GDP in 2009 equals $14 trillion and real GDP in 2009 equals $11 trillion, what is the value of the GDP deflator?

• A)0.79
• B)1.03
• C)1.27
• D)1.30

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Definitions:

Combustion

A chemical process involving the rapid oxidation of substances, resulting in the release of heat, light, and products like CO2 and water.

Cyclopentane

A cycloalkane with a five-carbon ring structure, noted for being a more flexible ring compared to other cycloalkanes due to less strain.

Molar Heat

The amount of heat absorbed or released by one mole of a substance during a phase change or chemical reaction without a change in temperature.

Combustion

A chemical process involving the burning of a substance in the presence of oxygen, resulting in the production of heat and light.