A Country Reported a Nominal GDP of $85 Billion in 2010

question 10

Multiple Choice

A country reported a nominal GDP of $85 billion in 2010 and $100 billion in 2009.It also reported a GDP deflator of 100 in 2010 and 105 in 2009.Between 2009 and 2010,

• A)real output and the price level both rose.
• B)real output rose and the price level fell.
• C)real output fell and the price level rose.
• D)real output and the price level both fell.

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Definitions:

Opportunity Seeking

The proactive behavior of identifying and pursuing potential advantages or profitable situations, especially in a business context.

Misaligned Culture

A situation where an organization’s values and behaviours do not align with its employees', leading to potential conflict and inefficiency.

External Environment

The external environment consists of all the outside factors and influences that impact the operation and performance of an organization, including economic, social, political, and technological aspects.

Stakeholder Needs

The requirements or expectations that stakeholders have from a project, organization, or system which must be recognized and addressed for success.