If Real GDP in 2005 Is $8,000 Billion and the Price

question 31

Multiple Choice

If real GDP in 2005 is $8,000 billion and the price level is 125,what is nominal GDP in 2005?

• A)$10,000.0 billion
• B)$9,200.5 billion
• C)$6,830.6 billion
• D)$5,000.0 billion

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Definitions:

Trait

A distinguishing quality or characteristic, typically one belonging to a person.

Universal Recipients

Individuals, typically with AB+ blood type, who can receive red blood cells from any blood type without risk of an adverse reaction due to the absence of anti-A, anti-B, and anti-Rh antibodies.

Type AB Blood

A blood group characterized by the presence of both A and B antigens on the surface of red blood cells, resulting in the capability to accept A, B, AB, and O blood types.

Codominance

A genetic scenario where both alleles for a trait are fully expressed in the phenotype of the heterozygotes, showing both characteristics independently.