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Use the Following to Answer Questions

Question 63

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Use the following to answer questions .
Exhibit: Long-run Equilibrium Use the following to answer questions . Exhibit: Long-run Equilibrium -(Exhibit: Long-run Equilibrium) If the real GDP is $7,000 billion and the implicit price deflator is 1.12, what is the value of nominal GDP? A) $6,250 billion B) $7,840 billion C) $9,000 billion D) cannot be determined from the information given
-(Exhibit: Long-run Equilibrium) If the real GDP is $7,000 billion and the implicit price deflator is 1.12, what is the value of nominal GDP?


A) $6,250 billion
B) $7,840 billion
C) $9,000 billion
D) cannot be determined from the information given

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