Say That Nominal GDP in 1990 Was $1,015

question 52

Multiple Choice

Say that nominal GDP in 1990 was $1,015.5 billion, and in 2000 it was $2,732.0 billion. The GDP deflator is 42.0 for 1990 and 85.7 for 2000, where 1992 is the base year. Calculate the percent change in real GDP in the decade from 1990 and 2000. Round off to the nearest percentage point.

• A) 32%
• B) 104%
• C) 132%
• D) 169%

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Definitions:

Low-Density Lipoprotein (LDL)

Often referred to as "bad" cholesterol, it contributes to plaque build-up in the arteries, which can lead to artery disease.

Cholesterol

A waxy, fat-like substance found in the cells of the body, which is essential for the production of hormones, vitamin D, and the bile necessary for digesting fat.

Cardiovascular Disease

A broad term for disorders and diseases that affect the heart and blood vessels, leading to an increased risk of heart attack and stroke.

Fatigue

A state of tiredness or exhaustion resulting from physical or mental exertion, which can diminish capacity for work and efficiency.