In a Given Year, U

question 55

Multiple Choice

In a given year, U.S. nominal GDP was $527 billion and the GDP chain price index for that year is 23.3. Real GDP is:

• A) $1,228 billion.
• B) $2,262 billion.
• C) $3,000 billion.
• D) $3,262 billion.

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Definitions:

Organisations

Groups of people structured in a specific way to achieve common goals or undertake particular activities, often through a coordinated effort.

Human Resource Specialists

Professionals who are focused on the management of organizational human resources, encompassing recruitment, training, employee relations, and benefits administration.

Role

is the function or part played by a person or thing in a particular situation or context.

Various Capacities

The different roles, functions, or positions that an entity or individual can hold or perform.