If in Some Year Real GDP Was $5 Trillion and the GDP

question 33

Multiple Choice

If in some year real GDP was $5 trillion and the GDP deflator was 200,what was nominal GDP?

• A)$2.5 trillion.
• B)$10 trillion.
• C)$40 trillion.
• D)$100 trillion.

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Definitions:

Preventive Health Care

Preventive health care involves measures taken to prevent diseases, rather than treating them. This includes vaccinations, health screenings, and lifestyle advice to reduce health risks.

Substandard Housing

Living accommodations that are in poor condition and do not meet minimum health and safety standards.

Marginalized Neighborhoods

Neighborhoods that face social and economic exclusion, often characterized by lower income levels, inadequate access to services, and limited opportunities for residents.

Hispanics

A term used to describe people from, or descendants of, Spanish-speaking cultures, especially those from Latin America.