If the Real GDP Equals $100 Billion This Year and Nominal

question 216

Multiple Choice

If the real GDP equals $100 billion this year and nominal GDP is $200 billion,the price level since the base year has increased

• A)$200 billion
• B)50 percent
• C)$100 billion
• D)100 percent
• E)200 percent

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Definitions:

Lease Term

The duration for which a lease agreement remains effective, typically stated in months or years.

Constructive Eviction

An eviction that occurs when a property has become unsuitable for use due to the unlivable quality of the property.

Leak

The unauthorized release of confidential information or the escape of a liquid or gas through a hole or crack.

Landlord

A person or entity that owns property and rents it out to individuals or businesses, often under a lease agreement.