Table 5-3. Prices and Quantities

question 139

Multiple Choice

Table 5-3.
Prices and Quantities

-Refer to Table 5-3. Using 2008 as the base year, what can we conclude for 2009?

• A)Real GDP is $880 and the GDP deflator is 80.
• B)Real GDP is $880 and the GDP deflator is 95
• C)Real GDP is $880 and the GDP deflator is 125
• D)Real GDP is $950 and the GDP deflator is 95.

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Definitions:

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