If the Nominal GDP Was Reported at $222

question 32

Multiple Choice

If the nominal GDP was reported at $222.1 billion and real GDP was reported at $218.2 billion, what was the inflation rate for the period?

• A)1.50%
• B)1.72%
• C)1.79%
• D)2.02%
• E)2.28%

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Definitions:

Analytic HR

The application of statistical methods and technologies in human resources to improve employee performance and organizational efficiency.

Automation Capabilities

Refers to the extent to which machines, software, or technology can perform tasks with minimal human intervention.

Strategic Operation

Refers to the planning and execution of critical business operations with a focus on achieving long-term objectives and enhancing organizational performance.

HR Mobile Apps

Mobile applications designed to facilitate various human resources functions, such as recruitment, training, employee engagement, and performance management.