If in Some Year Real GDP Was $5 Trillion and the GDP

question 33

Multiple Choice

If in some year real GDP was $5 trillion and the GDP deflator was 200,what was nominal GDP?

• A)$2.5 trillion.
• B)$10 trillion.
• C)$40 trillion.
• D)$100 trillion.

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Definitions:

Risk Averse

A characteristic of preferring to avoid loss over making a gain, typically leading to more conservative decision-making in the face of uncertainty.

Investors

Individuals or entities that allocate capital with the expectation of receiving financial returns.

Risk Loving

Condition of preferring a risky income to a certain income with the same expected value.

Risk Neutral

A condition or attitude where an individual is indifferent to risk when making economic decisions.