The ________ is a measure of the price level and is calculated by dividing ________ by ________ and multiplying by 100.
A) CPI; real GDP; nominal GDP
B) GDP deflator; real GDP; nominal GDP
C) GDP deflator; nominal GDP; real GDP
D) PPI; nominal GDP; real GDP
E) PPI; real GDP; nominal GDP
Correct Answer:
Verified
Q159: Over the last 50 years,has the ratio
Q160: Real GDP is GDP in a given
Q161: Table 8-14 Q162: Table 8-15 Q163: If nominal GDP is $5 trillion and Q165: If prices are rising on average,then Q166: The GDP deflator is the Q167: The GDP deflator is a measure of Q168: In periods when prices are falling,on average, Q169: The measure of production that values output
A)real GDP
A)difference between real
A)real
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