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    Principles of Macroeconomics Study Set 8
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    Exam 10: Measuring a Nations Income: Real Versus Nominal GDP
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    If in Some Year Nominal GDP Was $28 Trillion and Real
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If in Some Year Nominal GDP Was $28 Trillion and Real

Question 8

Question 8

Multiple Choice

If in some year nominal GDP was $28 trillion and real GDP was $32 trillion,what was the GDP deflator?


A) 87.5.
B) 114.3.
C) 400.
D) 896.

Correct Answer:

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