Nominal GDP in 2006 Was $13,458

question 107

Multiple Choice

Nominal GDP in 2006 was $13,458.2 billion.The GDP deflator uses 2000 as the base year.In 2006,the GDP deflator was 116.9.What was the real GDP for 2006?

• A) $15,732.6 billion
• B) $15,746.1 billion
• C) $11,512.6 billion
• D) $11,522.5 billion

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Definitions:

Criminal Prosecution

The process by which a person is charged, tried, and possibly convicted of a crime by the government.

Civil Prosecution

A legal process initiated by a private individual or entity, not by the state, to seek remedy for a wrong.

Tortious Conduct

Actions that result in harm or injury to another party, for which the injured party may seek compensation through a civil lawsuit.

Misrepresentation

A false statement of fact made by one party to another, which induces the latter to enter a contract, capable of being grounds for legal action.