If Real GDP Doubles and the GDP Deflator Doubles, What

question 43

Multiple Choice

If real GDP doubles and the GDP deflator doubles, what will happen to nominal GDP?

• A) It will stay the same.
• B) It will double.
• C) It will triple.
• D) It will quadruple.

---

Definitions:

Enculturation

The process by which individuals learn and adopt the values, customs, and norms of their culture.

Cultural Valuation

The process of assessing the value of a cultural artifact, practice, or idea within a specific societal context.

Product-Specific Values

The values that consumers associate with a specific product, influencing their perception and decision to purchase.

Durability

The ability of a product or material to last a long time without significant degradation or loss of functionality.