Which of the Following Is a Part of the Rules

question 178

Multiple Choice

Which of the following is a part of the rules that govern behavior in most nations:

• A) ethics
• B) statutory law
• C) social customs
• D) all of the choices are parts of the rules
• E) none of the other choices are correct

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Definitions:

Nominal Gross Domestic Product

The market value of all officially recognized final goods and services produced within a country in a year, not adjusted for inflation.

GDP Price Index

An economic metric that measures changes in the price level of all goods and services included in Gross Domestic Product.

Nominal Gross Domestic Product

a measure of a country's economic output (all goods and services produced) valued at current market prices, without adjusting for inflation.

Consumer Price Index

is a measure that examines the weighted average of prices of a basket of consumer goods and services, often used to assess inflation.