The ________ is a measure of the price level and is calculated by dividing ________ by ________ and multiplying by 100.
A) GNI; real GDP; nominal GDP
B) GDP deflator; real GDP; nominal GDP
C) GDP deflator; nominal GDP; real GDP
D) GNI; nominal GDP; real GDP
Correct Answer:
Verified
Q107: Suppose that a very simple economy produces
Q109: An increase in the price level of
Q110: If the GDP deflator rises from 185
Q113: The 'GDP deflator' is equal to:
A)real GDP
Q114: If nominal GDP is less than real
Q115: Refer to Table 4.2 for the following
Q116: Refer to Table 4.2 for the following
Q192: Under what circumstances would the GDP deflator
Q193: If the GDP deflator is 142,by how
Q220: The GDP deflator is a measure of
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