How Is Nominal GDP Converted to Real GDP

question 74

Multiple Choice

How is nominal GDP converted to real GDP?  

• A) real GDP ÷ the price index 
• B) nominal GDP ÷ the price index 
• C) the price index ÷ nominal GDP 
• D) the price index ÷ real GDP

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Definitions:

Corporate Legislation

Laws and regulations that govern the formation, operation, and dissolution of corporations, including corporate governance, finances, and obligations to shareholders.

Corporate Capital

The financial resources that a company uses to fund its operations, growth, and investments.

Corporate Management

The administrative process involved in overseeing a corporation's operational and strategic directions, including decision-making by top executives and boards of directors.

Directors

Individuals appointed to oversee the activities and manage the affairs of a company.