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    Macroeconomics Study Set 43
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    Exam 6: B: an Introduction to Macroeconomics
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    If Current Prices Are Used to Calculate the Value of Total
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If Current Prices Are Used to Calculate the Value of Total

Question 46

Question 46

Multiple Choice

If current prices are used to calculate the value of total output produced by a country during a specific period of time, the result is called:


A) real GDP.
B) nominal GDP.
C) full employment GDP.
D) constant dollar GDP.

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