If Nominal GDP in Some Year Is $280 and Real

question 86

Multiple Choice

If nominal GDP in some year is $280 and real GDP is $160, then the GDP price index for that year is

• A) 175.
• B) 57.
• C) 160.
• D) 280.

---

Definitions:

Dignity and Respect

The principle of treating individuals with inherent value and regard, recognizing their rights, and interacting in a way that honors their worth.

Fairly Applied

Implementing policies or decisions in a just, unbiased manner, ensuring equal treatment for all involved.

Individualism View

Emphasizes the importance of individual rights, autonomy, and self-interest over collective or group considerations in decision making and ethics.

Ethical Behaviour

Acting in ways consistent with society's accepted principles of right and wrong.