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How is the GDP deflator calculated? a) Nominal GDP minus the price level and multiplied by 100 b) Nominal GDP divided by real GDP and multiplied by 100 c) Real GDP divided by nominal GDP and multiplied by 100 d) Nominal GDP divided by the price level and multiplied by 100

How is the GDP deflator calculated? a) Nominal GDP minus the price level and multiplied by 100 b) Nominal GDP divided by real GDP and multiplied by 100 c) Real GDP divided by nominal GDP and multiplied by 100 d) Nominal GDP divided by the price level and multiplied by 100

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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How is the GDP deflator calculated? a) Nominal GDP minus the price level and multiplied by 100 b) Nominal GDP divided by real GDP and multiplied by 100 c) Real GDP divided by nominal GDP and multiplied by 100 d) Nominal GDP divided by the price level and multiplied by 100 SAMSUNG
Transcribed Image Text:How is the GDP deflator calculated? a) Nominal GDP minus the price level and multiplied by 100 b) Nominal GDP divided by real GDP and multiplied by 100 c) Real GDP divided by nominal GDP and multiplied by 100 d) Nominal GDP divided by the price level and multiplied by 100 SAMSUNG
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