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Home Q & A Board Other Fields Homework Help Business Economics
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CroweN6459 CroweN6459
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5 years ago

Question 1.

If nominal GDP is $8 trillion and real GDP is $6 trillion, the GDP deflator is



▸ 48.

▸ 75.

▸ 133.33.

▸ 480.

Question 2.

If the GDP deflator is greater than 100, then



▸ nominal GDP is greater than real GDP.

▸ nominal GDP is lower than real GDP.

▸ nominal GDP equals real GDP.

▸ prices decreased by more than half between the current and the base years.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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n00835996n00835996
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5 years ago
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CroweN6459 Author
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5 years ago
Just got PERFECT on my quiz
ealvino1610
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Yesterday
Thanks
Goku935
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2 hours ago
this is exactly what I needed
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