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    Principles of Economics Study Set 11
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    Exam 19: Introduction to Macroeconomics and Gross Domestic Product
  5. Question
    Nominal Gross Domestic Product (GDP)is Equal to
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Nominal Gross Domestic Product (GDP)is Equal to

Question 110

Question 110

Multiple Choice

Nominal gross domestic product (GDP) is equal to


A) (current prices) *(base year output) .
B) (current prices) *(current output) .
C) (base prices) * (base year output) .
D) (base year prices) /(current output) .
E) (current output) / (base year prices) .

Correct Answer:

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