If Nominal GDP Grew by 5 Percent and Real GDP

question 74

Multiple Choice

If nominal GDP grew by 5 percent and real GDP grew by 3 percent, then the GDP deflator grew by approximately ______ percent.

• A) 2
• B) 3
• C) 5
• D) 8

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Definitions:

Companionate Love

A form of love characterized by deep affection, friendship, and emotional intimacy, often found in long-term relationships.

Passion Component

The component of love that comprises the motivational drives relating to sex, physical closeness, and romance.

Bottom Of The Barrel

Refers to the lowest or least desirable members of a group or set of things.

Men Who Do Not Marry

Males who choose to remain single and do not enter into a marital relationship.