The Price Level Can Be Derived as __________ and Is $\times$

Multiple Choice

The price level can be derived as __________ and is called the __________.

A) Price level = Nominal GDP ÷ Real GDP;CPI
B) Price level = Nominal GDP $\times$ Real GDP;CPI
C) Price level = Real GDP $\times$ Nominal GDP;GDP deflator
D) Price level = Real GDP ÷ Nominal GDP;GDP deflator
E) Price level = Nominal GDP ÷ Real GDP;GDP deflator