If the Nominal GDP Was Reported at $196

question 68

Multiple Choice

If the nominal GDP was reported at $196.3 billion and real GDP was reported at $193.4 billion, what was the inflation rate for the period?

• A)1.50%
• B)1.83%
• C)1.93%
• D)2.22%
• E)2.38%

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Definitions:

Conversion Disorder

A mental condition in which a person has blindness, paralysis, or other nervous system (neurologic) symptoms that cannot be explained by medical evaluation.

Voluntary Control

The ability to consciously regulate one's actions, impulses, or bodily functions.

Secondary Gains

Benefits obtained from the symptoms of an illness, apart from the direct relief from those symptoms.