Multiple Choice
Assume that the nominal GDP for a given year is equal to $12,400 billion and the GDP deflator equals 112. Real GDP for that year is approximately
A) $13,888.0 billion.
B) $12,512.0 billion.
C) $11,071.4 billion.
D) $12,228.1 billion.
Correct Answer:
Verified
Correct Answer:
Verified
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