Question 2 If Nominal GDP is $12,000 billion and the GDP deflator is 80, then Real GDP is a) $15,000 billion b) $9,600 billion c) $21,600 billion
Question 2 If Nominal GDP is $12,000 billion and the GDP deflator is 80, then Real GDP is a) $15,000 billion b) $9,600 billion c) $21,600 billion
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter15: Measuring A Nation's Income
Section: Chapter Questions
Problem 4PA
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