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.

Comprehend the principles of real GDP and its correlation with population and productivity.

Grasp the concept of constant returns to scale and its implications for economic output.

Understand the factors that increase productivity and their importance for economic growth.

Acknowledge the role of technology in improving goods and services production.

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Definitions:

Schizophrenia

A severe mental disorder characterized by distortions in thinking, perception, emotions, language, self-awareness, and behavior.

Dissociative Identity

A psychological condition in which a person exhibits two or more distinct and alternating personalities, formerly known as multiple personality disorder.

Hallucinations

Experiencing sensations like sight, sound, or touch without any actual external inputs.

Schizophrenia

A mental disorder characterized by disturbances in thought, behavior, and emotions, often manifesting through delusions, hallucinations, and disorganized speech.