Multiple Choice
Suppose a nation's 2010 nominal GDP was $972 billion and the general price index was 90.To make the 2010 GDP comparable with the base year GDP, the 2010 GDP must be
A) deflated to $678 billion.
B) deflated to $896 billion.
C) inflated to $1,080 billion.
D) deflated to $1,080 billion.
Correct Answer:
Verified
Correct Answer:
Verified
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