If Real GDP in 2013 (Using 2009 Prices)is Lower Than

question 252

Multiple Choice

If real GDP in 2013 (using 2009 prices) is lower than nominal GDP of 2012,then

• A)prices in 2013 are lower than prices in 2012.
• B)nominal GDP in 2013 equals nominal GDP in 2012.
• C)prices in 2013 are higher than prices in 2012.
• D)real GDP in 2013 is larger than real GDP in 2012.

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Definitions:

Unregistered Mortgage

An unregistered mortgage refers to a mortgage agreement that has not been formally recorded with a governmental registry or legal authority, potentially affecting its enforceability and priority against other claims.

Prevailing Interest Rates

are the current rates of interest which banks and other financial institutions charge on loans and pay on deposits.

Second Mortgages

A type of mortgage taken out on a property that is already mortgaged, generally used to access home equity.

First Mortgages

A primary lien against real property that takes precedence over all other mortgages or liens, except for statutory liens.