Which of the Following Represents How Real GDP Is Calculated

question 335

Multiple Choice

Which of the following represents how real GDP is calculated?

• A) nominal GDP multiplied by the GDP deflator
• B) nominal GDP divided by the population
• C) nominal GDP divided by the PPI, the producer price index
• D) nominal GDP divided by the GDP deflator

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Definitions:

Catabolism

The metabolic process that breaks down molecules into smaller units, releasing energy and forming waste products, part of the body's metabolism.

Glycolysis

Glycolysis is a metabolic pathway that breaks down glucose into pyruvate, yielding energy in the form of ATP.

Thiamin

A water-soluble vitamin, also known as Vitamin B1, vital for energy metabolism in the body.

Beriberi

A nutritional deficiency disease caused by a lack of thiamine (vitamin B1) in the diet, affecting the cardiovascular and nervous systems.