If in Some Year Nominal GDP Was $18 Billion and the GDP

question 19

Multiple Choice

If in some year nominal GDP was $18 billion and the GDP deflator was 120,what was real GDP?

• A)$6.7 billion.
• B)$15 billion.
• C)$21.6 billion.
• D)$38 billion.

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Definitions:

High Autonomy

A condition where individuals or entities operate independently, making their own decisions with minimal supervision or direction.

Entrepreneurial Culture

An organizational culture that fosters innovation, risk-taking, and the proactive pursuit of opportunities, typical of startups and innovative enterprises.

Whistleblower

An individual who exposes illegal, unethical, or improper activities within an organization, often risking their career and personal well-being.

Verbal Harassment

Unwanted or offensive spoken comments, jokes, or taunts directed at an individual that can lead to a hostile and intimidating environment.