If Nominal GDP Exceeds Real GDP for a Specific Year,then

question 185

Multiple Choice

If nominal GDP exceeds real GDP for a specific year,then the GDP deflator must be

• A)equal to 100.
• B)greater than 100.
• C)less than 100.
• D)less than 0.

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Definitions:

Indigenous Peoples

Refers to the original inhabitants of a given region or country, who have distinct cultural, social, and historical identities, often maintaining practices and traditions that predate colonial influences.

World Council

A global organization or assembly aimed at addressing, discussing, and solving world issues.

Indigenous Peoples

Ethnically distinct groups that have maintained traditional ways of living, often connected to specific territories prior to colonization or modern state formation.

Ethnocentrism

The belief that the ways of one's own culture are the only proper ones.