Suppose That Nominal GDP Is $1,000 in 2009 and $1,500

question 165

Multiple Choice

Suppose that nominal GDP is $1,000 in 2009 and $1,500 in 2010. If the overall price level _____ between 2009 and 2010, we could say that real GDP _____.

• A)increased by 50%; stayed constant
• B)increased by less than 50%; decreased
• C)increased by more than 50%; increased
• D)increased by 50%; increased

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Definitions:

Patient

An individual receiving medical care or treatment.

Auditing

The systematic examination and evaluation of records or financial accounts to ensure accuracy and compliance with established standards or regulations.

Diagnosis-Related Groups

A system of classification for hospital cases intended to standardize hospital billing.

Health Records

Documents containing the medical history, treatments received, diagnostic findings, and care outcomes of a patient.