If Nominal GDP for a Particular Year Is $4 Trillion

question 132

True/False

If nominal GDP for a particular year is $4 trillion and real GDP for that year is $3 trillion,then the GDP price index is 133.

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Definitions:

Rotation

The act or process of turning around a center or an axis, a fundamental movement in biomechanics.

Gomphosis

A form of fibrous connection that secures a tooth within its jaw socket.

Syndesmosis

A type of fibrous joint in which bones are joined together by long collagen fibers, allowing for limited movement.

Cartilaginous Joint

A type of joint in the body where the bones are joined together by cartilage, allowing for limited movement.