If the Real GDP Equals $100 Billion This Year and Nominal

question 216

Multiple Choice

If the real GDP equals $100 billion this year and nominal GDP is $200 billion,the price level since the base year has increased

• A)$200 billion
• B)50 percent
• C)$100 billion
• D)100 percent
• E)200 percent

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Definitions:

Boston Marathon

An annual marathon hosted by the city of Boston, Massachusetts, known as the world's oldest annual marathon.

Cheating

The act of being dishonest or unfair in order to gain an advantage, especially in a learning environment or in competitive situations.

Distributive Tactics

Strategies used in negotiations where parties view the available outcomes as fixed, leading to a win-lose situation where one's gain is the other's loss.

Dirty Tricks

Unethical, deceptive, or unfair strategies employed to gain an advantage in a competition or negotiation.