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:

Time Zones

Regions of the Earth that have the same standard time, determined by the longitudinal divisions of the globe.

Los Angeles

A major city in California, known for its entertainment industry, particularly Hollywood.

Falling Asleep

The transition from wakefulness to sleep, characterized by a decrease in bodily movement and responsiveness to external stimuli.

East Coast

Refers generally to the eastern seaboard of the United States, often associated with specific cultural, historical, and geographical contexts.