If Nominal GDP Is $10 Trillion and Real GDP Is

question 179

Multiple Choice

If nominal GDP is $10 trillion and real GDP is $8 trillion,the GDP deflator is

• A)80, and this indicates that the price level has decreased by 20 percent since the base year.
• B)80, and this indicates that the price level has increased by 80 percent since the base year.
• C)125, and this indicates that the price level has increased by 25 percent since the base year.
• D)125, and this indicates that the price level has increased by 125 percent since the base year.

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Definitions:

High Conscientiousness

A personality trait characterized by thoroughness, carefulness, and efficiency.

Friendliness

A trait characterized by being kind, pleasant, and supportive towards others.

Interpersonal Domain

The interpersonal domain encompasses aspects of psychology that involve social interaction, relationships, and the influence of others on an individual's behavior and mental processes.

Achievement-Related Domain

A field or area of activity where the accomplishment or mastery of specific tasks is a primary goal.