The GDP Price Index Can Be Interpreted as

question 149

Multiple Choice

The GDP price index can be interpreted as

• A)(nominal GDP ÷ real GDP)× 100.
• B)(real GDP ÷ nominal GDP)× 100.
• C)(nominal GDP + real GDP)÷ 100.
• D)(nominal GDP - real GDP)÷ 100.
• E)(real GDP - nominal GDP)÷ 100.

---

Definitions:

Conveyance

The act of transferring the title, rights, or interest in a property from one party to another.

Licence

A grant of permission to do something that, without such permission, would be illegal, a trespass, or a tort.

Easement

A right to use the property of another, usually for a particular purpose.

Impossible Living

A term not generally recognized in standard discourse; appears to refer to conditions under which normal life or habitation is extremely difficult.