Nominal GDP Means That the Value of All Goods and Services

question 99

Multiple Choice

Nominal GDP means that the value of all goods and services is measured in ________ prices.

• A) average
• B) last year's
• C) the base year's
• D) current
• E) constant

---

Definitions:

Workers Initiative

Pertains to actions taken by employees on their own accord to improve processes, productivity, or workplace environment, demonstrating proactive engagement.

Federal Civil Servants

Employees who work for the federal government, performing duties that range from administrative to specialized roles.

Public Service Staff Relations Act

Legislation governing labor relations within the public service, including the rights and responsibilities of public servants and their employers.

Bargaining Rights

The legally granted ability for workers and their representatives to negotiate with employers over wages, benefits, and working conditions.