Real GDP Is $2,000 Billion, the GDP Deflator Is 120

question 61

Multiple Choice

Real GDP is $2,000 billion, the GDP deflator is 120 (a price level of 1.2) , and the velocity of circulation is 5. Nominal GDP is

• A)$24 billion.
• B)$600 billion.
• C)$2,000 billion.
• D)$2,400 billion.
• E)$166.67 billion.

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Definitions:

Lamellae

Thin layers or plates, often of bone or tissue, that are structured in a concentric fashion, as in the case of bone lamellae around Haversian canals.

Perforating Canal

Channels within the bone that provide energy and nourishing elements from the periosteum through to the compact bone.

Haversian Canal

The central channel, containing blood vessels and nerves, found in the osteon or structural unit of compact bone.

Canaliculi

Small, channel-like structures within bone tissue that allow for communication and nutrient transfer between blood vessels and osteocytes.