Multiple Choice
An economy recently reported nominal GDP of 3 trillion euro and a GDP deflator of 200.What was real GDP?
A) 1.5 trillion euro,and real GDP is a better gauge of economic activity than nominal GDP.
B) 1.5 trillion euro,but nominal GDP is a better gauge of economic activity than real GDP.
C) 6 trillion euro,and real GDP is a better gauge of economic activity than nominal GDP.
D) 6 trillion euro,but nominal GDP is a better gauge of economic activity than real GDP.
Correct Answer:
Verified
Correct Answer:
Verified
Q21: If nominal GDP is $8 trillion and
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Q30: Changes in nominal GDP reflect<br>A)only changes in
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Q42: Changes in real GDP reflect<br>A)only changes in
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