In converting current GDP to real GDP, if the price index is over 100, we will be deflating current GDP.
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Q14: GDP is a physical measure of national
Q15: GDP counts legal as well as illegal
Q16: National Income is a measure of all
Q17: Personal Income is obtained by subtracting personal
Q18: Nominal GDP is national output adjusted for
Q20: Inflating GDP refers to the fact that
Q21: According to the Russian economist N. Kondratieff,
Q22: John Maynard Keynes is best known for
Q23: The slope of the AD curve is
Q24: Stagflation refers to a situation in which
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