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:

Tungsten

A chemical element with symbol W and atomic number 74, known for its high melting point and strength, used in light bulb filaments, electronics, and as an alloy for steel.

Titanium

A strong, lightweight, and corrosion-resistant metal with the chemical element symbol Ti, used in various industrial and medical applications.

Intimate Space

The physical space closest to a person, typically reserved for close friends and family.

Decoding

Decoding is the process of interpreting or making sense of a message, symbol, or information received.