If Nominal GDP Is $8 Trillion and Real GDP Is

question 21

Multiple Choice

If nominal GDP is $8 trillion and real GDP is $10 trillion,then the GDP deflator is

• A)80,and this indicates that the price level has decreased by 20 percent since the base year.
• B)80,and this indicates that the price level has increased by 80 percent since the base year.
• C)125,and this indicates that the price level has increased by 25 percent since the base year.
• D)125,and this indicates that the price level has increased by 125 percent since the base year.

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Definitions:

Racially Segregated

The enforced separation of different racial groups within a community, workplace, or educational system.

Civically Engaged

Refers to individuals actively participating in the civic life of their community through informed, committed, and constructive actions to address public issues.

Black Nationalism

A political and social movement seeking to promote, develop, and maintain a black race identity and to achieve self-determination and sovereignty for black people.

Malcolm X

An African American Muslim minister, public speaker, and human rights activist who advocated for the rights of blacks, often by any means necessary.