Assume That Between 1999 and 2009 Nominal GDP Increased from $7

question 111

Multiple Choice

Assume that between 1999 and 2009 nominal GDP increased from $7 trillion to $12 trillion and that the GDP deflator rose from 100 to 150. Which of the following expresses GDP for 2009 in terms of 1999 prices?

• A) $7.5 trillion
• B) $8.0 trillion
• C) $9.0 trillion
• D) $18.0 trillion

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Definitions:

Stimulus

Anything that can provoke a response in an organism or part of the body.

Pleural Cavity

The thin fluid-filled space between the two pulmonary pleurae (visceral and parietal) of each lung, involved in respiratory mechanics.

Thoracic Cavity

The body cavity located in the chest, containing the lungs, heart, and other thoracic organs.

Pericardial Cavity

The potential space between the parietal and visceral layers of the pericardium, containing a small amount of lubricating fluid.