If Nominal GDP Is $12,000 and the GDP Deflator Is

question 122

True/False

If nominal GDP is $12,000 and the GDP deflator is 80, then real GDP is $15,000.

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Definitions:

Social Phobia

A severe anxiety disorder characterized by a significant amount of fear in one or more social situations, causing considerable distress and impaired ability to function in at least some parts of daily life.

Extreme Fear

An intense and overwhelming sense of dread or terror, often without a clear or rational source.

Humiliated

A feeling of shame or embarrassment often resulting from being made to appear foolish or incompetent.

Specific Phobia

An intense, irrational fear of or aversion to a particular object or situation that poses little to no actual danger but leads to significant avoidance or distress.