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Real GDP Is Equivalent to

Question 37

Multiple Choice

Real GDP is equivalent to


A) personal disposable income plus depreciation.
B) the money value of all goods and services produced in an economy per year plus imports.
C) the nominal value of GNP multiplied by the GDP deflator.
D) the value of all goods and services produced in an economy per year adjusted for price changes.
E) the market value of all goods and services produced in an economy per year.

Correct Answer:

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