What Is Real GDP in 2014 If Nominal GDP in 2014

question 66

Multiple Choice

What is real GDP in 2014 if nominal GDP in 2014 is $15,000 billion,the GDP deflator in 2014 is 110,and the GDP deflator in 2010 was 100?

• A) $9.1 billion
• B) $13,636 billion
• C) $14,010 billion
• D) $16.500 billion

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Definitions:

Fifth Amendment

An amendment to the US Constitution that provides several rights relevant to both criminal and civil legal proceedings, including protections against self-incrimination and double jeopardy.

Due Process Clause

A constitutional guarantee found in the Fifth and Fourteenth Amendments of the U.S. Constitution, assuring all citizens fair treatment through the judicial system.

First Amendment

The amendment to the United States Constitution prohibiting the government from making laws that infringe on the freedom of speech, religion, press, assembly, and petition.

Deceptive Advertising

Marketing practices that mislead or deceive consumers significantly enough to affect purchasing decisions.