If the GDP Price Index Is 125 and Nominal GDP

question 20

Multiple Choice

If the GDP price index is 125 and nominal GDP is $130 billion,then real GDP equals ________ billion.

• A)$104.00
• B)$162.50
• C)$96
• D)$1.04
• E)$9.6

---

Definitions:

Marketing Researchers

Professionals specialized in gathering, analyzing, and interpreting data about markets, consumers, and trends to inform business decisions.

Willingness to Buy

The extent to which a consumer is ready to purchase a product or service, based on factors like price, quality, and personal preference.

Consumers

Individuals or groups that purchase or have the potential to purchase goods and services for personal use.

Primary Data

Information that is collected firsthand for a specific research purpose or project, such as through surveys, interviews, or experiments.