If Nominal GDP Is $200 Billion and the GDP Deflator

question 21

Multiple Choice

If nominal GDP is $200 billion and the GDP deflator is 120, then real GDP is ________ billion.

• A) $240
• B) $167
• C) $16.67
• D) $200
• E) $6

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Definitions:

Sequencing

Determining the order in which jobs should be done at each work center.

Jobs

Tasks or pieces of work, especially those that are paid.

Work Centres

Specific locations within a production facility where particular processes or operations are carried out.

Sequencing Rule

A set of guidelines or methods used to determine the order in which tasks or operations should be performed to optimize efficiency and outcomes in production or project management.