Suppose that in 2013 Nominal GDP was $16 trillion and the Real GDP was $14 trillion. If Nominal GDP increased by 25% bet

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Suppose That In 2013 Nominal Gdp Was 16 Trillion And The Real Gdp Was 14 Trillion If Nominal Gdp Increased By 25 Bet 1 (80.56 KiB) Viewed 42 times

Suppose that in 2013 Nominal GDP was $16 trillion and the Real GDP was $14 trillion. If Nominal GDP increased by 25% between 2013 and 2014 and Real GDP remained the same, what was the GDP Deflator in 2014? Select one: a. 1.25 O b. 1.34 c. 1.43 O d. 1.52 e. 1.61 Which one of these individuals is a part of the eligible population, but NOT part of the labor force? Select one: O a. A 19 years old who is working part time in a beauty salon O b. A 22 years old who is looking for a job after graduating from college but cannot find one O c. A 33 years old who stays at home to take care of his kids O d. A 42 years old who works in jail after committing grand larceny O e. A 75 years who is still working full time as an attorney