Real GDP Is $1,400 Billion and Nominal GDP Is $1,800

question 209

Multiple Choice

Real GDP is $1,400 billion and nominal GDP is $1,800.The GDP price index equals

• A)100.0.
• B)77.0.
• C)128.6.
• D)2.86.
• E)222.2.

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Definitions:

Clarification

The process of making something clearer or easier to understand, often by providing more details or information.

Paraphrasing

A technique of restating another's message or content in one's own words, commonly used to demonstrate understanding or to provide clarity.

Listening Responses

The ways in which a listener communicates their attention, understanding, and empathy to the speaker.

Summarizing

The process of concisely restating the main points of information or a conversation.