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:

Canada

Canada is a North American country stretching from the U.S. in the south to the Arctic Circle in the north, known for its vast, natural landscapes, multicultural cities, and bilingual population (English and French).

Mexico

A country located in the southern portion of North America, known for its rich cultural heritage, diverse landscapes, and as an important emerging market.

Moral Standards

Principles or rules of behavior based on ideas about what is ethically right and wrong, guiding actions and decisions in personal and professional contexts.

Lack

A deficiency or absence of something needed, desired, or customary, often leading to challenges or limitations.