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    Macroeconomics Principles Study Set 1
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    Exam 6: Measuring Inflation and Unemployment
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    If Nominal GDP in 2014 Is $20,000 Billion While Real
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If Nominal GDP in 2014 Is $20,000 Billion While Real

Question 3

Question 3

Multiple Choice

If nominal GDP in 2014 is $20,000 billion while real GDP is $16,000 billion, then the GDP deflator in 2014 is


A) 80.
B) 110.
C) 125.
D) 150.

Correct Answer:

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