If Nominal GDP Is $8 Trillion and Real GDP Is

question 157

Multiple Choice

If nominal GDP is $8 trillion and real GDP is $6 trillion, the GDP deflator is

• A) 48.
• B) 75.
• C) 133.33.
• D) 480.

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Definitions:

Constant Improvement

denotes an ongoing effort to enhance all aspects of an organization or individual's performance, focusing on incremental upgrades over time.

External Pressures

Forces or influences originating outside an individual or organization that can affect behavior, decisions, or performance.

Change Competency

The ability of individuals or organizations to adapt effectively to new conditions or to modify their behaviors in response to changing environments or requirements.

Self Competency

Refers to an individual's understanding, skill, and confidence in oneself to effectively manage various aspects of life or work.