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If the GDP Deflator in 2009 Equals 1

Question 83

Multiple Choice

If the GDP deflator in 2009 equals 1.25 and nominal GDP in 2009 equals $15 trillion, what is the value of real GDP in 2009?

A) $12 trillion
B) $12.5 trillion
C) $15 trillion
D) $18.75 trillion

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