What Is the Value of Real GDP in 2008 If

question 14

Multiple Choice

What is the value of Real GDP in 2008 if Nominal GDP was 1 131 586 ($million) and CPI was 161.4?

• A)701 million dollars
• B)7 011 million dollars
• C)701 107 million dollars
• D)None of these choices are correct.

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Definitions:

Conditioned Stimulus

A formerly neutral stimulus that, following its pairing with an unconditioned stimulus, ends up provoking a conditioned response.

Unconditioned Response

A natural, automatic reaction to a stimulus that occurs without prior learning or conditioning.

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with an unconditioned stimulus, is able to elicit a conditioned response on its own.

Conditioned Response

A learned reaction to a conditioned stimulus that occurs because of previous conditioning.