If Nominal GDP Is $12 Trillion and Real GDP Is

question 41

Multiple Choice

If nominal GDP is $12 trillion and real GDP is $10 trillion,then the GDP deflator is

• A)83.33,and this indicates that the price level has decreased by 16.67 percent since the base year.
• B)83.33,and this indicates that the price level has increased by 83.33 percent since the base year.
• C)120,and this indicates that the price level has increased by 20 percent since the base year.
• D)120,and this indicates that the price level has increased by 120 percent since the base year.

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Definitions:

Polyuria

A condition characterized by the production of abnormally large volumes of dilute urine.

Acidosis

A condition in which there is too much acid in the body fluids, lowering the body's pH below the normal range.

Hyponatremia

A condition characterized by low concentrations of sodium in the blood.

Tetany

A condition characterized by severe muscle cramps and spasms caused by an imbalance in calcium levels or other electrolytes in the body.