True/False
In any year, nominal GDP divided by the GDP chain price index equals real GDP.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q32: Discuss how economists calculate NI, PI and
Q37: Activities that are directly included in GDP
Q40: Gross domestic product is officially measured by
Q41: Exhibit 11-6 GDP data (billions of dollars) <img
Q43: All changes in nominal GDP are due
Q44: Which of the following would count as
Q45: Exhibit 11-5 GDP data (billions of dollars) <img
Q46: Your purchase of a Gucci purse made
Q77: Personal income equals disposable personal income plus:<br>A)
Q190: Which one of the following transactions would