If Nominal GDP Increased from $4,500 Billion in 2000 to $5,000

question 44

Multiple Choice

If nominal GDP increased from $4,500 billion in 2000 to $5,000 billion in 2001 and the GDP deflator increased from 100 to 105 over the same time period, what would the 2001 real GDP equal expressed in terms of 2000 dollars?

• A)$4,285 billion
• B)$4,500 billion
• C)$4,725 billion
• D)$4,762 billion $5,250 billion

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Definitions:

Oppositional Defiant Disorder

A behavioral disorder in children characterized by constant disobedience, hostility, and defiance towards authority figures.

Social Factors

Elements within a society that influence the behavior, attitudes, and development of its members, such as family, education, and economic status.

Conduct Disorder

A pattern of repetitive behavior in which the rights of others or social norms are violated.

Fast Track

A process or method that accelerates the usual progression or treatment of something, often used in contexts like project management, clinical trials, or education.