If a Small Country Has Current Nominal GDP of $25

question 74

Multiple Choice

If a small country has current nominal GDP of $25 billion and the GDP deflator is 125, what is its real GDP?

• A)$312.5 billion
• B)$207.5 billion
• C)$31.25 billion
• D)$20 billion

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Definitions:

Appropriate Intervention

An action or support mechanism that is suitable and effective for addressing a particular problem or condition.

Cognitive Coping

The use of conscious, rational thought to solve problems, reduce stress, and manage adverse or challenging situations.

Objective Action

Actions that are based on objective evidence or facts rather than personal feelings, interpretations, or prejudice.

Direct Action

Tactical measures or activities undertaken to achieve a specific goal, often used in political, environmental, or social movements.