Multiple Choice
Real gross domestic product (GDP) can be calculated as
A) (nominal GDP) * (the GDP deflator) * 100.
B) (nominal GDP) / (the GDP deflator) * 100.
C) (nominal GDP) - (the GDP deflator) * 100.
D) (the GDP deflator) / (nominal GDP) *100.
E) (nominal GDP) * (the long-run trend growth rate of GDP) * 100.
Correct Answer:
Verified
Correct Answer:
Verified
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