If Real GDP for the Base Year Is $3 Trillion,then

question 151

Multiple Choice

If real GDP for the base year is $3 trillion,then nominal GDP for that year is

• A)$.03 trillion
• B)$0.3 trillion
• C)$3 trillion
• D)$30 trillion
• E)$300 trillion

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Definitions:

Environment

The surrounding conditions and factors that affect living organisms and ecosystems, including both natural and man-made elements.

Carbon

Carbon is a chemical element with symbol C and atomic number 6, essential to all known life forms and the basis of organic chemistry, forming a vast number of compounds including carbon dioxide and organic molecules.

Organic Compounds

Chemical compounds containing carbon atoms bonded to hydrogen atoms with possible addition of other elements such as oxygen, nitrogen, and sulfur; fundamental to all known life forms.

Decomposing Organisms

Organisms, such as bacteria and fungi, that break down dead or decaying organic matter, recycling nutrients back into the ecosystem.