In the Base Year

question 106

Multiple Choice

In the base year:

• A) nominal and real GDP are equal by definition.
• B) nominal GDP is always larger than real GDP because prices are held constant.
• C) real GDP is always larger than nominal GDP because prices are held constant.
• D) real GDP will only be larger than nominal GDP if prices increased in the base year.

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Definitions:

Intense Fear

A strong emotional response to perceived threats or danger, characterized by feelings of extreme anxiety and panic.

Avoids Driving

The act of deliberately choosing not to drive, which can result from various reasons including fear, environmental concerns, or lack of access to a vehicle.

Specific Phobia

Persistent fear of a specific object or situation.

Hypodermic Needles

Thin, hollow tubes used for injections or withdrawals of fluids from the body, often attached to syringes.