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 Real GDP; CPI
C) Price level = Real GDP Nominal GDP; GDP deflator
D) Price level = Real GDP ÷ Nominal GDP; Paasche deflator
E) Price level = Nominal GDP ÷ Real GDP; GDP deflator
Correct Answer:

Verified
Correct Answer:
Verified
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