Assume That Between 2000 and 2010 the Money GDP of an Economy

question 96

Multiple Choice

Assume that between 2000 and 2010 the money GDP of an economy increased from $3 trillion to $8 trillion and that the appropriate index of prices increased from 100 to 200.Which of the following expresses GDP for 2000 in terms of 2010 prices?

• A)$1 trillion
• B)$3 trillion
• C)$4 trillion
• D)$6 trillion

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Definitions:

Sociological Perspectives

Different ways of viewing and understanding society and its complex interactions, including structural functionalism, conflict theory, and symbolic interactionism.

Authority and Subordination

The dynamic between those in positions of power and those who are subject to that power.

Exchange Theory

A sociological perspective that analyzes social interactions in terms of the exchanged rewards or penalties.

Social Exchange Theory

A sociological and psychological theory that suggests human interactions and relationships are formed based on a cost-benefit analysis by the involved parties.