In determining real GDP economists adjust the nominal GDP by using the: Select one: a. consumer price index. b. wholesale (producer) price index. c. national productivity index. d. price ration. e. GDP price index.

In determining real GDP economists adjust the nominal GDP by using the: Select one: a. consumer price index. b. wholesale (producer) price index. c. national productivity index. d. price ration. e. GDP price index.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Question

In determining real GDP economists adjust the nominal GDP by using the:

Select one:

a. consumer price index.

b. wholesale (producer) price index.

c. national productivity index.

d. price ration.

e. GDP price index.

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