Nominal GDP Differs from Real GDP Because

question 23

Multiple Choice

Nominal GDP differs from real GDP because:

• A) Nominal GDP is based on constant prices
• B) Real GDP is based on current prices
• C) Real GDP results from adjusting for changes in the price level
• D) Nominal GDP results from adjusting for changes in the price level

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Definitions:

Stimulus Drive

A concept in psychology that discusses how external stimuli can motivate behavior by activating drives or needs.

Stimulus Motive

A drive that is based on needs for exploration, manipulation, curiosity, and stimulation of the senses.

Primary Drive

Fundamental biological needs or urges, such as hunger, thirst, and sex, that motivate behavior.

Unlearned

Refers to behaviors or responses that are natural or inherent, not acquired or taught.