If Nominal GDP Is 100,000 and Real GDP Is 80,000,the

question 100

True/False

If nominal GDP is 100,000 and real GDP is 80,000,the GDP deflator is 115.

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Definitions:

Temporary Assistance

Short-term aid or support provided by government or private entities to individuals or families in need, usually in the form of financial help, food, or housing.

Needy Families

Households with insufficient income or resources to maintain an adequate standard of living, often targeted by social assistance programs.

Welfare

The well-being, health, and economic security of individuals or populations, often associated with government support policies.

TANF Program

The TANF Program, or Temporary Assistance for Needy Families, is a federal assistance program in the United States designed to help needy families achieve self-sufficiency.