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Table 5-3. Prices and Quantities

Question 125

Multiple Choice

Table 5-3.
Prices and Quantities
Table 5-3. Prices and Quantities -Refer to Table 5-3. Using 2009 as the base year, what can we conclude for 2008? A) Real GDP is $760 and the GDP deflator is 100. B) Real GDP is $760 and the GDP deflator is 125. C) Real GDP is $880 and the GDP deflator is 80. D) Real GDP is $950 and the GDP deflator is 80.
-Refer to Table 5-3. Using 2009 as the base year, what can we conclude for 2008?

A) Real GDP is $760 and the GDP deflator is 100.
B) Real GDP is $760 and the GDP deflator is 125.
C) Real GDP is $880 and the GDP deflator is 80.
D) Real GDP is $950 and the GDP deflator is 80.

Correct Answer: