Suppose a nation's nominal GDP was $972 billion in 2017 and the general price index was 90 in 2017.To make the value of GDP in 2017 comparable with the value of GDP in the base year, the value of GDP in 2017 must be:
A)adjusted downward to $678 billion.
B)deflated to $896 billion.
C)inflated to $1,080 billion.
D)deflated to $1,080 billion.

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The Answer of Suppose a nation's nominal GDP was $972 billion in 2017 and the general price index was 90 in 2017.To make the value of GDP in 2017 comparable with the value of GDP in the base year, the value of GDP in 2017 must be:
A)adjusted downward to $678 billion.
B)deflated to $896 billion.
C)inflated to $1,080 billion.
D)deflated to $1,080 billion.

Suppose a Nation's Nominal GDP Was $972 Billion in 2017