Real and Nominal GDP

question 66

Multiple Choice

Real and Nominal GDP
-Based on the table "Real and Nominal GDP," if year one is the base year,then the GDP deflator for year three is ________.

• A)165
• B)139.8
• C)85.8
• D)133.6
• E)114.6

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Definitions:

Competence-Based

Refers to an approach or system that focuses on individuals' ability to meet specific standards or competencies.

Integrity-Based

A principle or approach that emphasizes honesty, ethical conduct, and consistency of actions and values.

Trust Repairing

The process of rebuilding confidence and reliability in a relationship after trust has been damaged or broken.

Wechsler

Refers to a series of standardized tests used to evaluate cognitive and intellectual abilities in adults and children.