Title: QUIZ: Levels of GDP vs. Percentage Change in GDP -- GDP Video Explainers
Course: Andria Testing FRE2 > Section: Levels of GDP vs. Percentage Change in GDP -- GDP Video Explainers

Q: How do economists like to discuss changes in GDP?
- Percent change in GDP
- Increase in nominal GDP
- Change in dollar value of real GDP
- Daily increase in dollar value
A: Percent change in GDP

Q: Is a $10 billion dollar increase in GDP in a $20 trillion dollar economy a large increase?
- Yes, $10 billion is a large amount of money.
- No, $10 billion in USD is much less than in other currencies.
- Yes, $10 billion in USD is much more than in other currencies.
- No, $10 billion in terms of percent change is very small for that economy.
A: No, $10 billion in terms of percent change is very small for that economy.

Q: Real GDP is nominal GDP adjusted for
- Change in population
- Change in production
- Inflation
- Interest
A: Inflation