If Nominal GDP Is $5 Trillion and Real GDP Is

question 41

Multiple Choice

If nominal GDP is $5 trillion and real GDP is $4 trillion, the GDP deflator is

• A)0.8.
• B)12.5.
• C)80.
• D)125.
• E)800.

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Definitions:

Older Adults

Individuals typically aged 65 years or older, often characterized by various stages of health, cognitive function, and social engagement.

Younger Adults

Individuals in a demographic group that typically ranges from late adolescence to early middle age, often associated with periods of significant personal, professional, and developmental changes.

Continuity Theory

A psychological concept suggesting that individuals maintain consistent patterns of behavior, personality, and adaptation throughout their life.

Development

The process of growth, change, and progress in physical, social, economic, and emotional dimensions across the lifespan or within societies.