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    Economics Study Set 11
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    Exam 27: Measuring Domestic Output and National Income
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    If Nominal GDP in One Year Is $5,000 Billion and the Price
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If Nominal GDP in One Year Is $5,000 Billion and the Price

Question 46

Question 46

True/False

If nominal GDP in one year is $5,000 billion and the price index is 135, then the real GDP that year would be $3,704 billion.

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