Suppose That a Nation's Nominal GDP Is $972 Billion and the GDP

question 26

Multiple Choice

Suppose that a nation's nominal GDP is $972 billion and the GDP deflator is 90.In order to make this year's GDP comparable to the reference year GDP,this year's GDP must be:

• A)adjusted downward to $687 billion
• B)deflated to $896 billion
• C)inflated to $1080 billion
• D)deflated to $875 billion
• E)inflated to $896 billion

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Definitions:

Service Gaps Model

A framework identifying discrepancies between customer expectations and the actual services received.

Product Creation Process

Involves the steps and stages from conceiving a new product idea to the final launch and post-launch assessment in the market.

Reliability Service Dimension

An aspect of service quality referring to the ability of a company to perform the promised service dependably and accurately.

Customer Service

The help and counsel given by an enterprise to customers who acquire or employ its goods or services.