If a Nation's Nominal GDP Is $3,257 Million and Its

question 257

Multiple Choice

If a nation's nominal GDP is $3,257 million and its price level is 110, then its real GDP is

• A) $1960.9 million.
• B) $24.67 million.
• C) $2960.9 million.
• D) $2467.42 million.

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Definitions:

Apprenticeship Programs

Training programs where individuals learn a trade or profession through practical experience under the guidance of skilled workers.

Industrial Trades

Professions that involve specialized skills and knowledge in areas such as manufacturing, construction, and maintenance, typically requiring hands-on work and training.

Job Rotation

A practice in which employees are moved between different jobs or tasks to learn new skills, gain exposure to different areas of an organization, and increase engagement and motivation.

Career Opportunities

Prospects for professional growth and development available in one's job or industry.