Multiple Choice
Suppose in 2007, nominal GDP in a country Clarendon was $12,840 billion and real GDP was $10,560 billion. Calculate the value of the implicit price deflator, in the way such numbers are normally published.
A) 21.59
B) 82.24
C) 121.59
D) 177.57
Correct Answer:
Verified
Correct Answer:
Verified
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