Nominal Gross Private Domestic Investment Was $1888

question 86

Multiple Choice

Nominal gross private domestic investment was $1888.0 billion in 2008 and rose to $2057.4 billion in 2009.The chain-weight price index for gross private domestic investment was 106.6 for 2008 and 110.3 for 2009,where 2005 was the base year.Calculate the percent change in real gross private domestic investment (rounded to the nearest percentage point) from 2008 to 2009.

• A)1%
• B)3%
• C)4%
• D)5%

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Definitions:

527s

Tax-exempt organizations created primarily to influence the nomination, election, appointment, or defeat of candidates for public office, named after the section of the U.S. tax code that governs their operations.

501(c)s

A broad category of nonprofit organizations operating under the U.S. tax code section 501(c) that enjoy tax-exempt status, including charitable organizations, civic leagues, and social welfare organizations.

Hard Money

Refers to currency backed by a physical commodity or with intrinsic value, and in politics, to legally specified campaign contributions.

Soft Money

Political contributions made in such a way as to not be subject to federal regulations or limits, often channeled through political parties for "party-building" activities.