If NGDP Is Nominal GDP and P Is the Price $\times$

question 105

Multiple Choice

If NGDP is nominal GDP and P is the price level, which of the following can be used to calculate the growth of the real GDP?

• A) percent change in NGDP - percent change in P
• B) percent change in NGDP + percent change in P
• C) percent change in NGDP \(\times\) percent change in P
• D) percent change in P + percent change in NGDP
• E) percent change in P - percent change in NGDP

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Definitions:

Bark

The outermost covering over woody stems and roots; consists of all plant tissues located outside the vascular cambium.

Conducting Elements

Components of the plant vascular system, such as xylem and phloem, that transport water, minerals, and nutrients throughout the plant.

Phloem

Phloem is the vascular tissue in plants responsible for the transport of sugars and nutrients from the leaves to other parts of the plant.

Sieve Tube Elements

Cells found in the phloem of vascular plants that facilitate the transport of sugars and other nutrients throughout the plant.