If Nominal GDP Is $10,000 and Real GDP Is $8,000

question 103

True/False

If nominal GDP is $10,000 and real GDP is $8,000, then the GDP deflator is 125.

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Definitions:

Necrosis

The demise of cells or tissues within the body, caused by illness, harm, or insufficient blood flow.

Infarct

An area of dead tissue resulting from the obstruction of blood supply to that area, commonly associated with heart attacks and strokes.

Hgb

Hemoglobin, a protein in red blood cells that carries oxygen throughout the body.

EKG

Electrocardiogram, a test that measures the electrical activity of the heart to detect heart abnormalities.