Real GDP =________ where the price level is the ________.
A) Nominal GDP × Price level;GDP deflator
B) Nominal GDP ÷ Price level;GDP deflator
C) Nominal GDP ÷ Price level;CPI
D) Nominal GDP × Price level;CPI
E) none of the above
Correct Answer:
Verified
Q50: The inflation rate = _.
A)nominal GDP -
Q51: Variables measured at current market prices are
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