In a Given Year, U

question 67

Multiple Choice

In a given year, U.S. nominal GDP was $5,744 billion and the GDP chain price index is 93.6. Real GDP is:

• A) $6,137 billion.
• B) $5,376 billion.
• C) $6,000 billion.
• D) $6,376 billion.

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Definitions:

Slack

The amount of time a task in a project can be delayed without causing a delay to subsequent tasks or the overall project timeline.

Profit Margins

The difference between the sales revenue of a product or service and its cost, expressed as a percentage of the sales revenue.

Slack

The amount of time a project task can be delayed without causing a delay to subsequent tasks or the overall project deadline.