Real and Nominal GDP

question 6

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 two is ________.

• A)95.5
• B)123.5
• C)118
• D)104.7
• E)116.6

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Definitions:

Research Methods

Various strategies, techniques, and procedures used to gather and analyze information in the pursuit of knowledge or understanding.

Experimental

Related to or based on controlled and intentional intervention to investigate an hypothesis or the effect of a variable.

Descriptive/Correlational

A type of research methodology that involves observing and describing the behavior of a subject without influencing it, often used to find patterns or correlations between variables.

Case Study

An in-depth examination of an individual or group to explore the causes of underlying principles or phenomena.