If Nominal GDP in 2019 Equals $14 Trillion and Real

question 67

Multiple Choice

If nominal GDP in 2019 equals $14 trillion and real GDP in 2019 equals $11 trillion, what is the value of the GDP deflator?

• A)0.79
• B)1.03
• C)1.27
• D)3.2

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Definitions:

Interpersonal Treatment

The behavior and manner in which individuals interact with one another within an organization.

Interactional Justice

The fairness perceived in the communication processes used during the implementation of organizational procedures.

Downsizing Decision

The process of reducing an organization's workforce to improve efficiency or reduce costs.

Interpersonal Treatment

The behavior and manner in which individuals interact and treat each other within an organization, impacting the work environment and employee relations.