Assume That Between 1999 and 2009 Nominal GDP Increased from $7

question 111

Multiple Choice

Assume that between 1999 and 2009 nominal GDP increased from $7 trillion to $12 trillion and that the GDP deflator rose from 100 to 150. Which of the following expresses GDP for 2009 in terms of 1999 prices?

• A) $7.5 trillion
• B) $8.0 trillion
• C) $9.0 trillion
• D) $18.0 trillion

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Definitions:

Fiduciary Duty

An obligation under the law for an individual to prioritize another's interest, often involving someone trusted with managing finances or assets.

Special Litigation Committee

A committee often formed within a corporation's board of directors to decide on legal strategies or manage specific litigation matters, especially in derivative lawsuits.

Derivative Suit

A lawsuit brought by a shareholder on behalf of a corporation against a third party, often its officers or directors, for harm done to the corporation.

Interested Directors

Board members who have a personal, financial, or other direct interest in a matter being considered by the board.