If real GDP is $5 trillion for a particular year and the GDP price index is 140,then nominal GDP is $7 trillion.
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Q146: If the real GDP equals $100 billion
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Q173: Which of the following is true about
Q174: Real GDP is measured in
A)current-year prices
B)base-year prices
C)nominal
Q175: The CPI tends to understate the true
Q176: If nominal GDP is $6 trillion in
Q178: A panel of economists concluded that the
Q179: If nominal GDP for a particular year
Q180: The consumer price index measures changes in
A)the
Q182: If we knew that nominal GDP was
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