If for a Given Year Nominal GDP Is $2,000 Billion

question 236

Multiple Choice

If for a given year nominal GDP is $2,000 billion and real GDP is $1,500 billion,then the GDP price index is

• A)133.
• B)1.33.
• C)100.
• D)0.75.
• E)750.

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Definitions:

Probated

The legal process of proving and registering the last will of a deceased person in court.

Statutory Requirements

Specific obligations or regulations established by law that must be followed.

Handwritten Will

A testamentary document entirely written, dated, and signed by the hand of the testator, without necessary formal witnesses, also known as a holographic will.

Formalities

Formalities are the specific procedures, conditions, and modes of operation that are required by law or policy for legal actions, documents, or agreements to be valid.