If Nominal GDP Rises from $5 Billion to $6 Billion

question 57

Multiple Choice

If nominal GDP rises from $5 billion to $6 billion, when the GDP deflator goes from 100 to 130, real GDP

• A)​rises.
• B)​falls.
• C)​stays the same.
• D)​could either be rising or falling.

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Definitions:

Anal

Relating to the anus. In psychology, it often refers to Freud's anal stage of development, where focus on bowel control can influence personality traits.

Latent

Describes something that is present but not currently visible, active, or manifest, often referring to abilities, conditions, or infections.

Phallic

Pertaining to or resembling the penis, often used in the context of Freudian psychoanalysis to describe a stage of psychosexual development.

Superego

In psychoanalytic theory, the part of the personality responsible for moral standards and ideals; it acts as a critical and moralizing force.