2 Exam Assume a nation's Nominal GDP is
$1.5 trillion with an inflation rate of
5%. Find its Real GDP.

A nation's nominal GDP is $1.5 trillion with an inflation rate of 5%. ∴ Real GDP is 30 trillion.

Explanation:

Key Terms

GDP deflator: A measure of the level of prices of all new, domestically produced, final goods and services in an economy. It is calculated by computing the ratio of nominal GDP to the real measure of GDP.

real GDP: A macroeconomic measure of the value of the economy’s output adjusted for price changes (inflation or deflation).

nominal GDP: A macroeconomic measure of the value of the economy’s output that is not adjusted for inflation.

GDP deflator( inflation rate = 5% ) =

Inflation rate =  

trillion

∴ Real GDP is 30 trillion.

sensory details?

so i`m assuming you are writing something from a bats (the animal) point of view. if this is the case, you can use sights, sounds, feelings, and tastes.

and idk what you mean by domain, but all of the sensory details will depend on where the bat is.

a bat doesn't see color very well, so its surroundings will be dulled.

it can hear super well. so maybe it can hear the insects on the ground

feelings. you can imagine how a bat would feel from its perspective. it all depends on where it lives.

maybe it can taste the salt in the air, or smell water, or something. all of these details are completely dependent on where it is located.

hope this .