If in Some Year Real GDP Was $25 Billion and the GDP

question 2

Multiple Choice

If in some year real GDP was $25 billion and the GDP deflator was 68,what was nominal GDP?

• A)$2.72 billion.
• B)$17 billion.
• C)$36.8 billion.
• D)$43 billion.

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Definitions:

Complexity

The state or quality of being intricate or complicated, often referring to systems or problems with multiple interconnected parts.

Amplitude

The magnitude or intensity of a wave's fluctuation, measured from its peak or trough to the baseline.

Amplitude

The magnitude or extent of oscillation in a wave or periodic function.

Air

The invisible gaseous substance surrounding the Earth, a mixture mainly of oxygen and nitrogen.