If Nominal or Money GDP Increases 6 Percent in 2011

question 94

Multiple Choice

If nominal or money GDP increases 6 percent in 2011 (compared to 2010) , and real GDP increases 4 percent over the same period, which of the following must be true?

• A) Exports exceeded imports.
• B) The general price level as measured by the GDP deflator fell during 2011.
• C) The economy entered a recession in 2011.
• D) Inflation during 2011 was 2 percent.

Recognize the influence of reference and aspirational groups on consumer decisions.

Identify strategies used by brands to shift consumer perception and behavior.

Analyze the role of conformity and nonconformity in consumer behavior and group dynamics.

Explain the impact of group size, unanimity, and expertise on individual behavior.

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Definitions:

Cyanosis

A bluish or purplish discoloration of the skin and mucous membranes due to insufficient oxygen in the blood.

Erythema

Redness of the skin or mucous membranes, often caused by dilation and congestion of the capillaries, typically a sign of inflammation or infection.

Ecchymosis

The appearance of a large, discolored area on the skin, caused by bleeding underneath, typically resulting from bruising.

Skin Mobility

The ease with which skin can be moved or lifted, often assessed in the evaluation of edema, dehydration, or certain skin conditions.