Solved

Real GDP Is $2,000 Billion, the GDP Deflator Is 120

Question 4

Multiple Choice

Real GDP is $2,000 billion, the GDP deflator is 120 a price level of 1.2) , and the velocity of circulation is 5.Nominal GDP is

A) $24 billion.
B) $2,000 billion.
C) $600 billion.
D) $2,400 billion.
E) $166.67 billion.

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