Multiple Choice
If in some year real GDP was $25 billion and the GDP deflator was 68,what was nominal GDP?
A) $2.72 billion.
B) $17 billion.
C) $36.8 billion.
D) $43 billion.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: The inflation rate in year 2 equals<br>A)
Q3: Much of macroeconomics attempts to explain<br>A)changes in
Q4: If nominal GDP is $10 trillion and
Q5: If real GDP is 5,100 and nominal
Q6: Which of the following statements about GDP
Q7: Which of the following is not a
Q8: If in some year nominal GDP was
Q9: Suppose an economy's production consists only of
Q10: A country reported a nominal GDP of
Q11: Which of the following is the correct