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A Country Reported a Nominal GDP of $115 Billion in 2012

question 168

Multiple Choice

A country reported a nominal GDP of $115 billion in 2012 and $125 billion in 2011 and reported a GDP deflator of 85 in 2012 and 100 in 2011.What happened to real output and prices from 2011 to 2012?


Definitions:

Million Years

A period of time equal to one thousand times one thousand years, often used to denote significant periods in Earth's geological and biological history.

Hominoids

A group of primates that includes all apes and humans, characterized by their lack of a tail and more complex brains.

Toumai

A nickname for Sahelanthropus tchadensis, one of the oldest known species in the human lineage, discovered in Chad, Africa dating to about 7 million years ago.

Orrorin

An early hominin genus dating back to about 6 million years ago, speculated to be among the first bipedal primates.

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