In a Given Year, U

question 44

Multiple Choice

In a given year, U.S. nominal GDP was $2,784 billion and the GDP chain price index for that year is 60.4. Real GDP is:

• A) $1,682 billion.
• B) $4,609 billion.
• C) $3,889 billion.
• D) $4,000 billion.

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Definitions:

Parotid Gland

The largest of the salivary glands, located near the ear, which produces saliva to facilitate chewing and swallowing.

Lesser Curvature

The concave medial surface of the stomach, running from the esophagus to the duodenum, and a site for various diseases.

Stomach

A major digestive organ located in the upper abdomen, responsible for the enzymatic breakdown of food.

Ileocecal Sphincter

A valve situated at the junction of the ileum (last portion of the small intestine) and the cecum (beginning of the large intestine) controlling the flow of digested material.