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

question 437

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.

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Definitions:

Uracil

One of the four nucleobase components of RNA, it pairs with adenine during RNA transcription and replaces thymine found in DNA.

Thymine

A pyrimidine base found in DNA, pairs with adenine in the DNA structure.

rRNA

Ribosomal RNA, a type of RNA that combines with proteins to form ribosomes, which are essential in the process of protein synthesis in cells.

Ribosome

Organelle of protein synthesis. An intact ribosome consists of two subunits, each composed of rRNA and proteins.