If Real Gross Domestic Product (GDP)in a Particular Year Is

question 32

Multiple Choice

If real gross domestic product (GDP) in a particular year is $5,000 trillion and nominal gross domestic product (GDP) in that same year is $4,000 trillion,then the:

• A)consumer price index (CPI)is 125.
• B)economic activity has decreased by 20 percent.
• C)GDP price index is 125.
• D)GDP price index is 80.
• E)economy has grown by 20 percent.

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Definitions:

Self-Regulation

The exercise of controlling one's behavior, emotions, and thoughts towards achieving long-term goals.

Government Control

The extent to which a government exerts authority over various aspects of society, including the economy, personal freedoms, and the media.

Do Not Call Registry

A database managed by a government or independent body where individuals can add their telephone numbers to reduce telemarketing calls.

Solicited Telemarketing Calls

Telephone calls made to individuals who have previously expressed interest or consent to be contacted for promotional reasons.