Multiple Choice
Real GDP can be calculated using which of the following formulas?
A) (Nominal GDP / real GDP) × 100.
B) (GDP chain price index / nominal GDP) × 100.
C) (Nominal GDP × 100) / (GDP implicit price deflator) .
D) (Nominal GDP / inflation rate) × 100.
Correct Answer:
Verified
Correct Answer:
Verified
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