If in Some Year Nominal GDP Was $28 Trillion and Real

question 8

Multiple Choice

If in some year nominal GDP was $28 trillion and real GDP was $32 trillion,what was the GDP deflator?

• A)87.5.
• B)114.3.
• C)400.
• D)896.

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The common habit of a person taking credit for positive events or outcomes, but blaming outside factors for negative events.