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Real GDP Is Given by ________, Where the Price Level ×\times

Question 19

Multiple Choice

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


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

Correct Answer:

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