If a Small Country Has Current Nominal GDP of $20

question 124

Multiple Choice

If a small country has current nominal GDP of $20 billion and the GDP deflator is 125,what is its real GDP?

• A) $16 billion
• B) $105 billion
• C) $ 145 billion
• D) $625 billion

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Definitions:

Political Change

Any significant alteration in the political landscape, institutions, or power dynamics of a society, often resulting from social movements, electoral outcomes, or policy reforms.

Meta-analysis

A method of quantitative analysis that combines and synthesizes the results of multiple scientific studies on the same topic to draw broader conclusions.

Extraversion

A personality trait characterized by sociability, talkativeness, assertiveness, and high activity levels; typically associated with positive emotions and seeking out social interaction.

Conscientiousness

Conscientiousness refers to a personality trait characterized by thoroughness, diligence, organization, and a strong sense of duty.