If Real GDP in 2002 Is $10 Trillion,and in 2003

question 17

Multiple Choice

If real GDP in 2002 is $10 trillion,and in 2003 real GDP is $9.5 trillion,then real GDP growth from 2002 to 2003 is

• A)0.5%.
• B)5%.
• C)0%.
• D)-5%.

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Definitions:

Opinion Statements

Expressions that communicate personal beliefs, views, or evaluations, rather than objective facts.

Material Representations

Statements or assertions of fact that significantly influence the decision-making of another party in a legal agreement.

Innocent Misrepresentations

False statements made without fault regarding a material fact that induce someone into a contract.

Punitive Damages

are monetary compensations awarded in a lawsuit as a punishment to the defendant and to deter future similar acts.