If in Some Year Nominal GDP Was $28 Trillion and Real

question 8

Multiple Choice

If in some year nominal GDP was $28 trillion and real GDP was $32 trillion,what was the GDP deflator?

• A)87.5.
• B)114.3.
• C)400.
• D)896.

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Definitions:

Myers-Briggs Type Indicator

A psychometric questionnaire designed to measure psychological preferences in how people perceive the world and make decisions.

Learned Helplessness

A condition in which a person suffers from a sense of powerlessness, arising from a traumatic event or persistent failure to succeed.

External Locus

Belief that external forces or factors beyond one's control dictate the outcomes of one's actions and life events.

Perception

The process of organizing and interpreting sensory information to make it meaningful.