If the Real Gross Domestic Product (GDP)for the Base Year

question 48

Multiple Choice

If the real gross domestic product (GDP) for the base year is $3 trillion,then the nominal gross domestic product (GDP) for that year is _____.

• A)−$.03 trillion
• B)$0.3 trillion
• C)$3 trillion
• D)$30 trillion
• E)$300 trillion

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Definitions:

Tax Revenue

The income that is gained by governments through taxation.

Anti-Obesity

Pertaining to efforts or measures aimed at preventing or reducing obesity through lifestyle, medical, or societal interventions.

Excise Tax

A tax applied specifically to the sale of certain goods, often including alcohol, tobacco, and fuels.

High-Fat Foods

Foods that contain a high proportion of fat content, which can have various health impacts.