If Nominal GDP for a Particular Year Is $4 Trillion

question 132

True/False

If nominal GDP for a particular year is $4 trillion and real GDP for that year is $3 trillion,then the GDP price index is 133.

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Definitions:

Diverse Societies

Societies that include a range of distinct social and cultural groups.

Cultural Data

Information and insights related to the values, beliefs, practices, and social norms of groups of people, which can inform organizational strategies and interactions.

Uncertainty Avoidance

A cultural dimension that describes the extent to which a society tolerates ambiguity and uncertainty.

Achievement Orientation

A focus on setting and meeting high standards of performance.