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Question 107

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Use the following to answer questions .
Exhibit: Long-run Equilibrium Use the following to answer questions . Exhibit: Long-run Equilibrium -(Exhibit: Long-run Equilibrium) If the real GDP is $7,000 billion and the implicit price deflator is 1.16, what is the value of nominal GDP? A) $6,034 billion B) $8,120 billion C) $9,120 billion D) cannot be determined from the information given
-(Exhibit: Long-run Equilibrium) If the real GDP is $7,000 billion and the implicit price deflator is 1.16, what is the value of nominal GDP?


A) $6,034 billion
B) $8,120 billion
C) $9,120 billion
D) cannot be determined from the information given

Correct Answer:

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