If GDP Rose from $5 Trillion in the Base Year

question 121

Multiple Choice

If GDP rose from $5 trillion in the base year to $7 trillion in the current year,and during this period the GDP deflator rose by less than 40 percent,the most accurate statement we can make about the change in real GDP from the base year to the current year is that

• A)it rose by less than 40 percent.
• B)it rose by 40 percent.
• C)it rose by more than 40 percent.
• D)it did not change.
• E)it fell.

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Definitions:

Partially Processed

Pertains to materials or information that have undergone an initial stage of processing but are not completely finished or refined.

Auditory Stimulus

Sounds or noises that evoke a response or reaction from the auditory system.

Ambiguous Stimulus

A perceptual object or situation that can be interpreted in more than one way.

Perception

The process by which sensory information is interpreted and organized to make sense of and interact with the environment.