If the GDP Deflator in 2009 Equals 1

question 83

Multiple Choice

If the GDP deflator in 2009 equals 1.25 and nominal GDP in 2009 equals $15 trillion, what is the value of real GDP in 2009?

• A)$12 trillion
• B)$12.5 trillion
• C)$15 trillion
• D)$18.75 trillion

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Definitions:

Freud

Refers to Sigmund Freud, the founder of psychoanalysis, known for his theories of the unconscious mind, the structure of personality, and the role of sexuality in human psychology.

Rational Ways

Approaches or methods that are based on logic, reasoning, and empirical evidence.

Acculturation

The process of adaptation in which immigrants and native groups identify with a new, dominant culture by learning about that culture and making behavioral and attitudinal changes.

Self-esteem

The personal judgment of worthiness that is expressed in the attitudes the individual holds towards themselves.