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The Price Level Can Be Derived as ________ and Is ×\times

Question 42

Multiple Choice

The price level can be derived as ________ and is called the ________.


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

Correct Answer:

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