If in Some Year Nominal GDP Was $20 Billion and the GDP

question 28

Multiple Choice

If in some year nominal GDP was $20 billion and the GDP deflator was 50,what was real GDP?

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

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Definitions:

Executive Compensation

The complete package of benefits, including salary, bonuses, stock options, and other perks, offered to an organization's top executives.

Senior Executives

Top-level managers or officers within a company, responsible for directing its strategy and managing its operations.

Vesting Rights

The process by which an employee accrues non-forfeitable rights over employer-provided stock incentives or pension plans contributions after a period of time.

Pension Benefits

Financial payments made to individuals after retirement, based on their previous employment’s duration and earnings.