If Real GDP in a Particular Year Is $5,000 Trillion

question 156

Multiple Choice

If real GDP in a particular year is $5,000 trillion and nominal GDP in that same year is $4,000 trillion,then the

• A)CPI is 125
• B)economic activity has decreased 20 percent
• C)GDP price index is 125
• D)GDP price index is 80
• E)economy has grown by 20 percent

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Definitions:

Employee Training Methods

Diverse techniques and programs designed to equip employees with the skills and knowledge required for their role and ongoing career development.

Innovation

The process of creating new ideas, products, or methods, which can lead to improvements in efficiency, solutions to problems, or competitive advantage.

Organizational Cultural Lag

The deficit in organizations that fail to keep up with new emerging innovations.

Innovation Sparcity

A situation where there is a lack of new and original ideas or products.