Table 10-3
the Table Below Reports Nominal and Real GDP

question 134

Multiple Choice

Table 10-3
The table below reports nominal and real GDP for the U.S. from 1929 to 1932. $$\begin{array} { c c c } \hline \text { Year } & \begin{array} { c } \text { Nominal } \\\text { GDP }\end{array} & \text { Real GDP } \\\hline 1929 & 103.6 & 977 \\1930 & 91.2 & 892.8 \\1931 & 76.5 & 834.9 \\1932 & 58.7 & 725.8 \\\hline\end{array}$$
-Refer to Table 10-3. If prices had remained constant between 1929 and 1930, GDP would have decreased

• A)8.62%.
• B)9.43%.
• C)11.97%.
• D)13.6%.

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Definitions:

Ethical

Pertaining to or dealing with morals or the principles of morality; adhering to accepted standards of conduct.

Socially Responsible

Pertaining to individuals or organizations that act in ways beneficial to society, often by engaging in ethical, environmentally friendly, and community-focused activities.

Strategic Leadership

Leadership that involves setting vision, making decisions based on a broad, long-term perspective, and guiding an organization into the future.

Ethical Mind

The capability to recognize and deliberate upon moral values and principles, applying them in one’s decisions and actions.