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question 63

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Use the following to answer questions .
Exhibit: Long-run Equilibrium Use the following to answer questions . Exhibit: Long-run Equilibrium   -(Exhibit: Long-run Equilibrium)  If the real GDP is $7,000 billion and the implicit price deflator is 1.12, what is the value of nominal GDP? A)  $6,250 billion B)  $7,840 billion C)  $9,000 billion D)  cannot be determined from the information given
-(Exhibit: Long-run Equilibrium) If the real GDP is $7,000 billion and the implicit price deflator is 1.12, what is the value of nominal GDP?


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