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Figure 7-2 -Refer to Figure 7-2. If the Real GDP Is $7,000

Question 106

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Figure 7-2 Figure 7-2 -Refer to Figure 7-2. If the real GDP is $7,000 billion and the implicit price deflator is 1.08, what is the value of nominal GDP? A) $6,481 billion B) $7,000 billion C) $7,560 billion D) cannot be determined from the information given
-Refer to Figure 7-2. If the real GDP is $7,000 billion and the implicit price deflator is 1.08, what is the value of nominal GDP?


A) $6,481 billion
B) $7,000 billion
C) $7,560 billion
D) cannot be determined from the information given

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