Multiple Choice
Real GDP is given by ________, where the price level is the ________.
A) Real GDP = Nominal GDP Price level; CPI
B) Real GDP = Nominal GDP ÷ Price level; GDP deflator
C) Real GDP = Nominal GDP + Price level; GDP deflator
D) Real GDP = Nominal GDP - Price level; GDP deflator
E) Real GDP = Nominal GDP ÷ Price level; CPI
Correct Answer:

Verified
Correct Answer:
Verified
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