Consider the Following Information on GDP and CPI for an Economy

question 5

Multiple Choice

Consider the following information on GDP and CPI for an economy over the last 3 years.Calculate nominal GDP growth for 2011.

• A)2.15%
• B)2.56%
• C)2.95%
• D)3.15%
• E)3.22%

---

Definitions:

Conditioned Response

A learned reaction to a specific stimulus as a result of consistent pairing with another stimulus.

Systematic Desensitization

A behavioral therapy technique used to reduce anxiety or fear through gradual exposure to the feared object or situation paired with relaxation exercises.

Relaxation Training

Techniques designed to teach individuals how to reduce stress and tension in the body, promoting a state of calm.

Feared Objects

Items or entities that invoke a strong irrational fear or phobia in individuals.