Table 23-4 The Table Below Contains Data for the Country of Dachsland,which

question 237

Multiple Choice

Table 23-4
The table below contains data for the country of Dachsland,which produces only pretzels and books.The base year is 2005.

-Refer to Table 23-4.In 2008,Dachsland's

• A) nominal GDP was $585,real GDP was $900,and the GDP deflator was 65.
• B) nominal GDP was $585,real GDP was $1065,and the GDP deflator was 54.9.
• C) nominal GDP was $1600,real GDP was $900,and the GDP deflator was 177.8.
• D) nominal GDP was $1600,real GDP was $1065,and the GDP deflator was 150.2.

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Definitions:

Static Budget

A budget set for a specific level of activity that does not change, even if actual levels of activity change.

Total Overhead Cost

The comprehensive sum of all indirect costs involved in operating a business, not directly tied to a specific product or service.

Planning Budget

A budget prepared in advance of a specific budget period, serving as a financial plan for achieving strategic goals.

Other Expenses

Costs that do not directly relate to the primary business activities, such as interest payments or losses from asset sales.