If Nominal GDP Is $12 Trillion and Real GDP Is

question 41

Multiple Choice

If nominal GDP is $12 trillion and real GDP is $10 trillion,then the GDP deflator is

• A)83.33,and this indicates that the price level has decreased by 16.67 percent since the base year.
• B)83.33,and this indicates that the price level has increased by 83.33 percent since the base year.
• C)120,and this indicates that the price level has increased by 20 percent since the base year.
• D)120,and this indicates that the price level has increased by 120 percent since the base year.

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Definitions:

Sleep Deprivation

A condition resulting from insufficient sleep, which can cause a variety of cognitive, physical, and emotional symptoms.

Daylight Saving

The practice of setting the clock forward by one hour during warmer months to extend evening daylight and conserve energy.

Accident Rates

A measure of the frequency of accidents in a particular context or environment, often used to assess safety risks and the effectiveness of preventative measures.

Deep Sleep

A stage of sleep characterized by slow brain waves, known as delta waves, during which the body repairs and regrows tissues, builds bone and muscle, and strengthens the immune system.