If Nominal GDP Is $10 Trillion and Real GDP Is

question 16

Multiple Choice

If nominal GDP is $10 trillion and real GDP is $12 trillion,then the GDP deflator is

• A)83.33,and this indicates that the price level has decreased by 16.67 percent since the base year.
• B)83.33,and this indicates that the price level has increased by 83.33 percent since the base year.
• C)120,and this indicates that the price level has increased by 20 percent since the base year.
• D)120,and this indicates that the price level has increased by 120 percent since the base year.

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Definitions:

Nucleophilic Substitution

A class of chemical reactions in which an electron-rich nucleophile selectively attacks an electron-deficient site on a molecule, displacing a leaving group.

Chloropyridines

Organic compounds consisting of a pyridine ring substituted with one or more chlorine atoms.

NaCN

Sodium cyanide, a highly toxic salt used industrially in gold mining and as a reactant in organic synthesis, particularly for nitrile formation.

Tertiary Amine

A nitrogen-containing compound where the nitrogen atom is bonded to three carbon atoms, often used as a base or catalyst in organic synthesis.