If a Small Country Has Current Nominal GDP of $20

question 60

Multiple Choice

If a small country has current nominal GDP of $20 billion and the GDP deflator is 50, what is its real GDP?

• A)$100 billion
• B)$40 billion
• C)$10 billion
• D)$4 billion

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Definitions:

Triglycerides Formation

The biochemical process of combining glycerol with three fatty acid molecules, resulting in the primary form of fat storage in animals.

Lipogenesis

The metabolic process by which acetyl-CoA is converted to triglycerides for storage in fat.

Glycogenesis

Formation of glycogen from glucose molecules.

Gluconeogenesis

Formation of glucose from noncarbohydrates, such as proteins (amino acids) or lipids (glycerol).