Which of the Following Statements About GDP Is Correct

question 6

Multiple Choice

Which of the following statements about GDP is correct?

• A)Nominal GDP values production at current prices,whereas real GDP values production at constant prices.
• B)Nominal GDP values production at constant prices,whereas real GDP values production at current prices.
• C)Nominal GDP values production at market prices,whereas real GDP values production at the cost of the resources used in the production process.
• D)Nominal GDP values production at the cost of the resources used in the production process,whereas real GDP values production at market prices.

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Definitions:

Crib Death

Also known as Sudden Infant Death Syndrome (SIDS), it is the unexplained death of a healthy infant, usually during sleep.

Receptors of Light

Specialized cells in the eyes, such as rods and cones, that respond to light and enable vision.

Cones

Photoreceptor cells in the retina of the eye that are responsible for color vision and function best in relatively bright light.

Non-rapid Eye Movement Sleep

A type of sleep characterized by slower brain waves, limited eye movement, and reduced muscle activity, occupying most of the sleep cycle and associated with deep restorative sleep.