If Nominal GDP Is $10 Trillion and Real GDP Is

question 16

Multiple Choice

If nominal GDP is $10 trillion and real GDP is $12 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:

Amygdala

A part of the brain's limbic system involved in processing emotions, fear, and pleasure responses.

Empirically Derived Test

A test (such as the MMPI) created by selecting from a pool of items those that discriminate between groups.

Personality Inventory

A questionnaire or assessment tool designed to gauge and categorize an individual's personality traits and characteristics.

Emotional Stability

Emotional Stability refers to the extent to which a person's emotions remain consistent and balanced without frequent, extreme fluctuations.