If Nominal GDP Is $1 Trillion and Real GDP Is

question 63

Multiple Choice

If nominal GDP is $1 trillion and real GDP is $0.9 trillion,what is the GDP deflator?

• A) 0.9
• B) 1.43
• C) 90
• D) 143

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Definitions:

Feeling State

The mood or emotional state of a person at a specific point in time.

Facial Feedback Hypothesis

A psychological theory suggesting that facial expressions can influence emotional experiences, such as smiling leading to feeling happier.

James-Lange Theory

A hypothesis that emotional experiences arise from physiological arousal rather than the other way around.

Mislabel

To incorrectly or inappropriately assign a label or description to someone or something.