Nominal GDP Is $1,800 and Real GDP Is $1,600

question 18

Multiple Choice

Nominal GDP is $1,800 and real GDP is $1,600. The GDP deflator is

• A)112.5.
• B)88.8.
• C)8.88.
• D)11.25.
• E)1125.

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Definitions:

Senior Executives

High-level officials or managers in an organization who are responsible for making major decisions.

Talent

An individual's natural ability or aptitude in a particular field or discipline.

Absenteeism

The habitual non-presence of an employee at their job, often leading to disruptions in work and requiring management attention.

Poor Leadership

The lack of effective leadership skills and abilities that results in failing to guide or inspire teams towards achieving organizational goals.