If Nominal GDP in 1992 Was $3,000 Billion,and the Price

question 76

Multiple Choice

If nominal GDP in 1992 was $3,000 billion,and the price level index was 330 (1977 = 100) ,then real GDP in terms of the price level in 1977 was about

• A)$105 billion.
• B)$4,220 billion.
• C)$909 billion.
• D)$537 billion.

---

Definitions:

Transactional Leadership

A leadership style focused on the exchanges between leaders and followers, where rewards are given for accomplishments or penalties for failure.

Transactional Leadership

A leadership style focused on the exchange between leaders and followers, relying on rewards and punishments to achieve compliance.

Passive Management

A leadership or managerial style characterized by a lack of direct intervention, letting things take their own course without guiding or correcting.

Active Management

A management style that involves being hands-on and deeply involved in the day-to-day operations and decision-making process of the team or organization.