If in Some Year Nominal GDP Was $10 Trillion and Real

question 12

Multiple Choice

If in some year nominal GDP was $10 trillion and real GDP was $4 trillion,what was the GDP deflator?

• A)25.
• B)40.
• C)250.
• D)400.

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Definitions:

Configuration

The arrangement or set-up of components or elements in a particular form or structure.

Multinational Company

A corporation that operates in several countries but has its headquarters in one country, often involved in producing and selling goods or services in various markets.

Global Strategy

A business approach that considers the world as a single market, focusing on developing standardized products or services to achieve economies of scale.

Financialized

A term describing how financial markets, financial institutions, and financial elites gain greater influence over economic policy and economic outcomes.