If in Some Year Nominal GDP Was $10 Trillion and Real

question 12

Multiple Choice

If in some year nominal GDP was $10 trillion and real GDP was $4 trillion,what was the GDP deflator?

• A)25.
• B)40.
• C)250.
• D)400.

---

Definitions:

Deviant

Behaviors or actions that diverge from the societal norms and expectations, often carrying a negative connotation.

Social Inequality

describes the unequal distribution of wealth, opportunities, and privileges within a society, often based on factors like race, gender, or socioeconomic status.

Norms

The unwritten rules and expectations that govern the behavior of individuals within a society or group, guiding what is considered normal or acceptable.

Rules

Prescribed directives or principles meant to govern behavior or processes within a specific context.