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Nominal GDP Is Given by ________, Where the Price Level

Question 90

Multiple Choice

Nominal GDP is given by ________, where the price level is the ________.


A) Nominal GDP = Price level * Real GDP; GDP deflator
B) Nominal GDP = Price level ÷ Real GDP; GDP deflator
C) Nominal GDP = Price level + Real GDP; CPI
D) Nominal GDP = Price level - Real GDP; GDP deflator
E) Nominal GDP = Price level * Real GDP; CPI

Correct Answer:

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