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Suppose That a Nation's Nominal GDP Is $972 Billion and the GDP

Question 26

Multiple Choice

Suppose that a nation's nominal GDP is $972 billion and the GDP deflator is 90.In order to make this year's GDP comparable to the reference year GDP,this year's GDP must be:


A) adjusted downward to $687 billion
B) deflated to $896 billion
C) inflated to $1080 billion
D) deflated to $875 billion
E) inflated to $896 billion

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