Economists Observed the Following Growth Rates in the Fourth Quarter

question 155

Multiple Choice

Economists observed the following growth rates in the fourth quarter of 1995: real GDP = 2.8 percent; M₁ = 7.8 percent; GDP Deflator = 2.2 percent.Given this data, the growth of nominal GDP was approximately

• A) 12.8 percent.
• B) 10.0 percent.
• C) 5.6 percent.
• D) 5.0 percent.
• E) 0.6 percent.

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Definitions:

Emphysema

A chronic respiratory disease characterized by the destruction of air sacs in the lungs, leading to breathing difficulties.

Impaired Mobility

A reduction in the ability to move freely, which can impact activities of daily living and quality of life.

Osteoporosis

A bone disease characterized by decreased bone density and strength, leading to an increased risk of fractures.

Bone Density

A measure of the amount of minerals (primarily calcium and phosphorous) contained in a certain volume of bone, used to diagnose osteoporosis.