If Nominal GDP Is $2,000 Billion and the GDP Price

question 34

Multiple Choice

If nominal GDP is $2,000 billion and the GDP price index is 120,then real GDP is ________ billion.

• A)$2,000
• B)$1,667
• C)$16.67
• D)$240
• E)$6

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Definitions:

Self-Actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.

Hospice

An institution or program in which terminally ill patients receive palliative care to reduce suffering; family and friends of the dying are helped as well.

Pain Management

Medical strategies and treatments aimed at reducing, controlling, or eliminating pain.

Artificial Life-Support

A medical system designed to assist or replace vital bodily functions in critically ill patients.