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Nominal GDP is some year is $15 trillion. Real GDP in that same year is $11 trillion. What is the value of the GDP price index in that year? Select one: O a. 152 O b. 375 O c. 136 O d. 200 Check

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Nominal GDP is some year is $15
trillion. Real GDP in that same year
is $11 trillion. What is the value of
the GDP price index in that year?
Select one:
а. 152
O b. 375
О с. 136
O d. 200
Check

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Please awnser following question please bear in mind that there can be more than one right awnser.
20) You know that a candy bar costs sixty OMR today.You also know the CPI for 1970 and the CPI for today.Which of the following would you use to compute the price of the candy bar in 1970 prices? Select one: O a. sixty OMR(today's CPI-1970 CPI) O b. sixty OMR(1970 CPI / today's CPI) O c. sixty OMR(1970 CPI-today's CPI) O d. sixty OMR(today's CPI / 1970 CPI)
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Note: The answer should be typed.
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