Suppose a Nation's 2008 Nominal GDP Was $972 Billion and the General

question 19

Multiple Choice

Suppose a nation's 2008 nominal GDP was $972 billion and the general price index was 90.In order to make the 2008 GDP comparable with the base year GDP,the 2008 GDP must be:

• A) adjusted downward to $678 billion.
• B) deflated to $896 billion.
• C) inflated to $1080 billion.
• D) deflated to $1080 billion.

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Definitions:

Helium

A light, non-reactive gas used in balloons, as a cooling agent for nuclear reactors, and in inhaling mixtures to correct voice pitch.

Carbon Dioxide

An odorless, colorless gas that comes from the combustion of carbon and organics, plus through respiration, and is captured by plants in their photosynthesis process.

Ice Cores

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Theory of Atoms

A scientific theory that matter is composed of discrete units called atoms, which are the basic building blocks of chemical substances.