If Real GDP in 2012 Using 2011 Prices Is Lower

question 29

Multiple Choice

If real GDP in 2012 using 2011 prices is lower than nominal GDP of 2012,then

• A)prices in 2012 are lower than prices in 2011.
• B)nominal GDP in 2012 equals nominal GDP in 2011.
• C)prices in 2012 are higher than prices in 2011.
• D)real GDP in 2012 is larger than real GDP in 2011.

Understand the compromises and plans that contributed to the formation of the U.S. Constitution.

Identify the major weaknesses of the Articles of Confederation.

Recognize the role and impact of pivotal events and movements (e.g., Shays' Rebellion) on the formation of the U.S. government structure.

Understand the distribution of powers and authority within the U.S. government as established by the Constitution.

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Definitions:

Context-Dependent Memory

The principle that recall of information is easier when in the same context or environment where the memory was originally formed.

Serial-Order Effect

The impact of an item's position in a sequence on its recall, usually seen in memory tasks like remembering lists.

Depth of Processing

This refers to the concept in cognitive psychology that the level at which information is thought about or engaged with affects how well it is remembered. Deeper, more meaningful processing leads to better retention.

Levels-Of-Processing Principle

A theory suggesting that the depth of mental processing affects memory recall; deeper levels of analysis produce more durable memory traces.