If Nominal GDP Exceeds Real GDP for a Specific Year

question 153

Multiple Choice

If nominal GDP exceeds real GDP for a specific year, then the GDP deflator must be

• A)equal to 100.
• B)greater than 100.
• C)less than 100.
• D)less than 0.
• E)equal to its value in the base year.

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Definitions:

Stress Response

The body's reaction to a challenge or demand, often involving physiological, emotional, or behavioral changes.

Stress Management

Techniques and strategies used to handle stress and reduce its negative impacts on physical and mental health.

Post-Traumatic Stress Disorder

A mental health condition triggered by experiencing or witnessing a traumatic event, characterized by flashbacks, anxiety, and other symptoms.

Traumatic Experiences

Events or situations that cause severe psychological distress, often leading to lasting emotional and psychological effects.