If the Nominal GDP in 2002 Is $8,000 Billion and the Implicit

question 10

Multiple Choice

If the nominal GDP in 2002 is $8,000 billion and the implicit price deflator is 1.4, what is the approximate value of real GDP in 2002?

• A) $6,796 billion
• B) $5,714 billion
• C) $8,276 billion
• D) $6,238 billion

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