The price level can be derived as __________ and is called the __________.
A) Price level = Nominal GDP ÷ Real GDP;CPI
B) Price level = Nominal GDP Real GDP;CPI
C) Price level = Real GDP Nominal GDP;GDP deflator
D) Price level = Real GDP ÷ Nominal GDP;GDP deflator
E) Price level = Nominal GDP ÷ Real GDP;GDP deflator
Correct Answer:
Verified
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