Nominal GDP Is Calculated Using

question 145

Multiple Choice

Nominal GDP is calculated using

• A) the market prices during the year under consideration.
• B) the prices from some base year to adjust for price changes.
• C) the average of prices from the three preceding years.
• D) the prices from the preceding year.

---

Definitions:

Parenting Style

The manner in which parents raise their children, characterized by various levels of responsiveness and demand.

Two-Factor Theory

A psychological theory proposing that emotions are based on physiological arousal and cognitive interpretation of that arousal.

Negative Reinforcer

An unpleasant stimulus that, when removed after a response, increases the likelihood of that response occurring in the future.