If Nominal GDP Exceeds Real GDP for a Specific Year,then

question 185

Multiple Choice

If nominal GDP exceeds real GDP for a specific year,then the GDP deflator must be

• A)equal to 100.
• B)greater than 100.
• C)less than 100.
• D)less than 0.

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Definitions:

Investment Income

This refers to the money that someone earns from their investments, like dividends, interest, or rental income.

Gifted Stock

Equity in a company given to someone at no cost, often as part of an estate planning strategy to transfer wealth or as an incentive or reward.

Gain Or Loss

The difference between the sale price of an asset and its original purchase price, indicating a financial profit or loss.

Nature Of Gain

The classification of profit obtained from various sources such as capital gains, business operations, or investment income, influencing tax treatment.