If Real GDP in a Year Was $3,668 Billion and the Price

question 220

Multiple Choice

If real GDP in a year was $3,668 billion and the price index was 112, then nominal GDP in that year was approximately

• A)$3,846 billion.
• B)$3,925 billion.
• C)$4,108 billion.
• D)$4,379 billion.

---

Definitions:

Cambrian Period

A geologic era approximately 541 million years ago, marked by a rapid increase in the diversity of life and the appearance of most major animal groups.

Evolution

The way in which a range of living beings is believed to have originated and diversified from former types during the chronological history of the earth.

Evolutionary Diversification

The process by which a single ancestral species evolves into a wide variety of descendant species differing in morphology, behavior, and ecological niches.

Silurian Period

A geologic time period that occurred approximately 443.8 to 419.2 million years ago, noted for significant biological diversity and evolutionary developments.