Real GDP Is $140 Billion and Nominal GDP Is $180

question 15

Multiple Choice

Real GDP is $140 billion and nominal GDP is $180 billion. The GDP deflator equals

• A) 222.2.
• B) 2.86.
• C) 100.0.
• D) 128.6.
• E) 77.0.

---

Definitions:

Rental Apartments

Housing units that are leased to tenants under a rental agreement, typically involving periodic payments in exchange for the right to occupy the property.

Civic Authorities

Government or municipal bodies responsible for managing local affairs, services, and regulations within a community or city.

Long-run Supply Function

A relationship showing the quantity of goods that will be supplied over a longer period when all inputs can be varied.

Rental Apartments

Housing units that are available for rent, typically within a larger building or complex, offering living accommodation to tenants.