To Calculate Nominal GDP,the Quantities of Goods and Services Are

question 137

Multiple Choice

To calculate nominal GDP,the quantities of goods and services are valued at prices in the ________ year,but to calculate real GDP,they are valued at prices in the ________ year.

• A) current;base
• B) base;current
• C) current;current
• D) base;base
• E) current;last

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Definitions:

Lymphocytes

A type of white blood cell that is part of the immune system, helping the body to fight infections and diseases by recognizing antigens and producing antibodies.

Neutrophils

A type of white blood cell that helps the body fight infection by ingesting bacteria and debris.

Infant formula

A manufactured food designed and marketed for feeding to babies under 12 months of age, usually prepared for bottle-feeding or cup-feeding from powder or liquid.

Finger foods

Foods designed to be eaten with the hands, typically small, easily manageable pieces suitable for infants starting to eat solid foods.