Real GDP May Be Calculated by Dividing _______ by _______

question 93

Multiple Choice

Real GDP may be calculated by dividing _______ by _______.

• A) nominal GDP;the GDP deflator
• B) the GDP deflator;nominal GDP
• C) nominal GDP;real GDP
• D) the price index;nominal GDP
• E) real GDP;nominal GDP

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Definitions:

Social Goals

Social goals refer to objectives that benefit society as a whole, including improving public welfare, enhancing social cohesion, reducing inequality, and promoting sustainable development.

Historical Sociological Approaches

Methods in sociology that emphasize the importance of historical context and processes in understanding social phenomena.

Law

A system of rules created and enforced through social or governmental institutions to regulate behavior, with its precise definition a matter of longstanding debate.

Socially Constructed

A concept or perception that has been created and accepted by the people in a society through cultural and social practice.