A Country Reported Nominal GDP of $100 Billion in 2010

question 48

Multiple Choice

A country reported nominal GDP of $100 billion in 2010 and $75 billion in 2009.It also reported a GDP deflator of 125 in 2010 and 120 in 2009.Between 2009 and 2010,

• A)real output and the price level both rose.
• B)real output rose and the price level fell.
• C)real output fell and the price level rose.
• D)real output and the price level both fell.

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Definitions:

Internal Relational Action

Actions focused within an organization aimed at fostering positive, cooperative relationships among its members.

Leadership Decisions

Choices made by a leader that influence the strategy, direction, and functioning of a group or organization.

Perform

To carry out an action or activity, often implying the execution is done with a particular purpose or skill level in mind.

Solid Development

A process or approach towards achieving robust and durable growth in various contexts, such as personal skills or business expansion.