The Difference Between Nominal GDP and Real GDP Is

question 213

Multiple Choice

The difference between nominal GDP and real GDP is

• A)the indirect taxes used in their calculations.
• B)the prices used in their calculations.
• C)that nominal GDP includes the depreciation of capital and real GDP does not.
• D)that nominal GDP includes net exports of goods and services and real GDP includes net imports.
• E)that real GDP includes the depreciation of capital and nominal GDP does not.

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Definitions:

Role

The function or part played by a person or thing in a particular situation or context.

Peripheral Route Persuasion

A method of persuasion that relies on superficial cues or factors, such as attractiveness or celebrity endorsement, rather than logical argumentation.

Cognitive Dissonance

A psychological phenomenon occurring when an individual experiences discomfort from holding two or more conflicting beliefs, ideas, or values.

Central Route Persuasion

A method of persuasion that involves deeply processing the content of a message, considering the arguments and evidence in detail.