If the Estimated Current Dollar GDP Is $5,616 Billion While

question 60

Multiple Choice

If the estimated current dollar GDP is $5,616 billion while real GDP is $4,129 billion,then the prices of goods and services have risen by what percentage from their base-year levels?

• A) 26 percent
• B) 36 percent
• C) 44 percent
• D) 74 percent
• E) impossible to determine from the information given

---

Definitions:

Transportation Costs

Expenses associated with the movement of goods or materials from one location to another.

Sales Commissions

A form of compensation to salespersons for their sales achievements, usually calculated as a percentage of the sales they generate.

Net-of-Tax Basis

A method of presenting financial figures after the effect of taxes has been considered or deducted.

Depreciable Equipment

Tangible assets, such as machinery or hardware, acquired for use in operations, which lose value over time due to usage, wear and tear, or obsolescence and can be depreciated.