Real GDP in 2017 Is $10 Trillion

question 96

Multiple Choice

Real GDP in 2017 is $10 trillion. Between 2017 and 2018, using 2017 prices, GDP grew 3 percent and using 2018 prices real GDP grew 7 percent. Using the chain-weighted output index method, real GDP in 2018 is ________ trillion.

• A) $10.5
• B) $11
• C) $10.1
• D) $12.72

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Definitions:

Binet

Alfred Binet was a French psychologist who, along with Theodore Simon, developed the first intelligence test in the early 20th century, known as the Binet-Simon scale.

Phonemes

The smallest unit of sound in a language that can distinguish one word from another.

Linguistic Heuristics

Mental shortcuts or rules of thumb used in language processing and problem-solving based on linguistic information.

Syntax

The set of rules, principles, and processes that govern the structure of sentences in a language, determining word order and arrangement.