If Nominal GDP Increased by 5 Percent and the GDP

question 75

Multiple Choice

If nominal GDP increased by 5 percent and the GDP deflator increased by 3 percent, then real GDP ______ by ______ percent.

• A) increased; 2
• B) decreased; 2
• C) increased; 8
• D) decreased; 8

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Definitions:

Bona Fide Occupational Requirement

A justified business necessity that allows discrimination in hiring if certain attributes are essential for performing a job.

Legal Direct Discrimination

Practices that explicitly treat an individual or group unfavorably because of protected characteristics such as race, gender, age, or disability.

Canadian Human Rights Act

Federal legislation in Canada that protects individuals from discrimination on the basis of race, gender, ethnicity, age, and other grounds.

Equal Employment Opportunities

Policies and practices that ensure all job applicants and employees have equal chances without discrimination.