Multiple Choice
Real GDP is given by ________, where the price level is the ________.
A) Real GDP =Nominal GDP ｴ Price level; CPI
B) Real GDP = Nominal GDP ｸ 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 ｸ Price level; CPI
Correct Answer:
Verified
Correct Answer:
Verified
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