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The Price Level Can Be Derived as __________ and Is ×\times

Question 26

Multiple Choice

The price level can be derived as __________ and is called the __________.


A) Price level = Nominal GDP ÷ Real GDP;CPI
B) Price level = Nominal GDP ×\times Real GDP;CPI
C) Price level = Real GDP ×\times Nominal GDP;GDP deflator
D) Price level = Real GDP ÷ Nominal GDP;GDP deflator
E) Price level = Nominal GDP ÷ Real GDP;GDP deflator

Correct Answer:

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