The Major Difference Between Nominal GDP and Real GDP Is

question 205

Multiple Choice

The major difference between nominal GDP and real GDP is that

• A)real GDP is the absolute value of goods and services and nominal GDP is a relative value.
• B)real GDP refers to products made in the United States and nominal GDP refers to both exports and imports.
• C)nominal GDP is the market value and real GDP has been adjusted for inflation.
• D)real GDP is a relative value and nominal GDP is an absolute value.

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Definitions:

Apex

Extremity of a conical or pyramidal structure. The apex of the heart is the rounded tip directed anteriorly and slightly inferiorly.

AV Bundle

The bundle of His, which is a collection of heart muscle cells specialized for electrical conductivity that transmits the electrical impulses from the AV node to the point of the apex of the fascicular branches.

SA Node

Sinoatrial node, the heart's natural pacemaker, initiating the electrical impulses that set the rate and rhythm of your heartbeat.

AV Node

The atrioventricular node, a part of the cardiac conduction system that controls the heart rate by slowing the electrical current before it passes from the atria to the ventricles.