Table 12-15 -Refer to Table 12-15

question 147

Multiple Choice

Table 12-15
$\begin{array}{|c|c|c|}\hline \text { Year } & \begin{array}{c}\text { Nominal } \\\text { GDP }\end{array} & \text { Real GDP } \\\hline 2016 & \$ 13,399 & \$ 12,976 \\\hline 2017 & 14,078 & 13,254 \\\hline 2018 & 14,441 & 13,312 \\\hline\end{array}$
-Refer to Table 12-15.Consider the following data on nominal GDP and real GDP (values are in billions of dollars) : The GDP deflator for 2017 equals

• A) 94.1.
• B) 105.1.
• C) 106.2.
• D) 108.5.

---

Definitions:

Concept

A symbol that represents a class of objects or events with common characteristics.

Phoneme

A phoneme is the smallest unit of sound in a language that can distinguish one word from another, such as the difference between the 'p' and 'b' sounds in "pad" and "bad".

Association

The linkage of two events, usually as the result of a specific experience.

Positive Explanatory Styles

A cognitive approach characterized by attributing positive events to stable, global, and internal factors, and negative events to unstable, specific, and external factors.