If the Real GDP Equals $100 Billion This Year and Nominal

question 216

Multiple Choice

If the real GDP equals $100 billion this year and nominal GDP is $200 billion,the price level since the base year has increased

• A)$200 billion
• B)50 percent
• C)$100 billion
• D)100 percent
• E)200 percent

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Definitions:

Empathy

The ability to understand and share the feelings of another, fostering a sense of compassion and connection.

Antisocial Behavior

Actions that harm or lack consideration for the well-being of others, often violating social norms and laws.

Elaborate Pretend Play

A complex form of pretend play in which children create and act out scenarios, often involving role-play and imaginative use of objects.

Creativity

The ability to generate novel solutions to problems; a trait characterized by flexibility, ingenuity, and originality.