If Real GDP Is 5,100 and Nominal GDP Is 4,900,then

question 5

Multiple Choice

If real GDP is 5,100 and nominal GDP is 4,900,then the GDP deflator is

• A)104.1 so prices are higher than in the base year.
• B)104.1 so prices are lower than in the base year.
• C)96.1 so prices are higher than in the base year.
• D)96.1 so prices are lower than in the base year.

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Definitions:

Musical Recordings

Auditory files or physical mediums that capture and reproduce sound performances, thereby preserving musical compositions and interpretations.

Weight Loss

The process or act of reducing body weight, typically by burning more calories through activity than are consumed through eating.

Absolute Threshold

The minimum intensity of a stimulus that one can detect 50% of the time.

Subliminal

Below one’s absolute threshold for conscious awareness.