Which of the Following Is Correct

question 262

Multiple Choice

Which of the following is correct?

• A) Nominal GDP measures base-year production using base-year prices,whereas real GDP measures current production using current prices.
• B) Nominal GDP measures current production using base-year prices,whereas real GDP measures current production using current prices.
• C) Nominal GDP measures current production using current prices,whereas real GDP measures base-year production using base-year prices.
• D) Nominal GDP measures current production using current prices,whereas real GDP measures current production using base-year prices.

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Definitions:

Environmental Sustainability

The practice of making decisions and taking actions that ensure the preservation and health of the natural environment for future generations.

Global Trends

The overarching directional changes and movements observed across the globe, encompassing economic, technological, cultural, and environmental shifts.

Sustainability Visions

Strategic plans that outline how an organization intends to achieve long-term sustainability goals, including environmental, economic, and social objectives.

Sustainable Development

Development that meets the needs of the present without compromising the ability of future generations to meet their own needs, encompassing economic, social, and environmental sustainability.