The Equation for Determining Real GDP for Year X Is $\frac{\text {nominal GDP for year \( \mathrm{X} \) }}{\text {average nominal GDP }}$

question 22

Multiple Choice

The equation for determining real GDP for year X is:

• A) \(\frac{\text {nominal GDP for year \( \mathrm{X} \) }}{\text {average nominal GDP }}\)
• B) \(\frac{\text {nominal GDP for year \( \mathrm{X} \) }}{\text { GDP for year \( \mathrm{X} \)}}-100\)
• C) \(\frac{\text {nominal GDP for year \( \mathrm{X} \) }}{\text { GDP chain price index for year } \mathrm{X}}\times 100\)
• D) \(\frac{\text { nominal GDP for year \( \mathrm{X} \) }}{\text { average family income}}\times100\)

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Definitions:

Anxieties

Describes feelings of worry, nervousness, or unease about something with an uncertain outcome.

Realistic Anxiety

A form of anxiety that arises from an actual threat or danger in the environment.

Abnormal

Deviating from what is considered normal or typical, often used in the context of behavior or psychological phenomena.

Actual Danger

A real and present threat or risk that can cause harm or damage.