If the Nominal Gross Domestic Product (GDP)for the Year 2000

question 148

Multiple Choice

If the nominal gross domestic product (GDP) for the year 2000 was $6.2 trillion and the price index was 200,the real gross domestic product (GDP) for 2000 was _____.

• A)$3.1 trillion
• B)$6.2 trillion
• C)$12.4 trillion
• D)$18.6 trillion
• E)$24.3 trillion

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Definitions:

Residential Areas

Zones designated for housing and living purposes, where the main focus is on providing accommodations for individuals and families.

Eighteenth Century

The period from 1701 to 1800, characterized by significant developments in politics, philosophy, and science, marking the Age of Enlightenment.

Twentieth Century

The century spanning from January 1, 1901, to December 31, 2000, marked by significant global changes in technology, politics, and society.

Nonrenewable Resources

Finite resources that can become exhausted; includes those that take so long to replenish as to be effectively finite.