A Country Reported a Nominal GDP of $85 Billion in 2010

question 10

Multiple Choice

A country reported a nominal GDP of $85 billion in 2010 and $100 billion in 2009.It also reported a GDP deflator of 100 in 2010 and 105 in 2009.Between 2009 and 2010,

• A)real output and the price level both rose.
• B)real output rose and the price level fell.
• C)real output fell and the price level rose.
• D)real output and the price level both fell.

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Definitions:

Physical Medium

A material substance used to store and transmit information in physical form, such as paper, optical discs, or magnetic tapes.

Information

Data that has been processed or organized in a manner that adds context and understanding to the reader or viewer.

Point

In computing, it typically refers to a unit of measure used in graphic and text display, or the cursor position controlled by input devices.

Inch

A unit of length in the imperial and US customary systems, equal to 1/12 of a foot or 2.54 centimeters.