To Convert a Nominal GDP to a Real GDP,you Would

question 108

Multiple Choice

To convert a nominal GDP to a real GDP,you would use

• A)the PCE deflator.
• B)the CPI measure.
• C)the GDP deflator.
• D)the PPI measure.

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Definitions:

Exports

Goods or services sent from one country to another for trade or sale.

Supply

The total amount of a specific good or service that is available to consumers.

Foreign-Currency Exchange

The trading of one currency for another, determining how much one country's currency is worth in another country's currency.

Real Interest Rate

The rate of interest an investor, saver, or lender receives (or expects to receive) after allowing for inflation.