If Nominal GDP Is $12,000 and the GDP Deflator Is

question 122

True/False

If nominal GDP is $12,000 and the GDP deflator is 80, then real GDP is $15,000.

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Definitions:

Imprisonment

The act of confining someone in a prison or as if in a prison as a legal punishment.

Embezzlement

A wrongful conversion of another’s funds or property by one who is lawfully in possession of those funds or that property.

Forgery

A criminal falsification by imitating, impersonating, or altering a real document with the intent to deceive or defraud.

Miranda Rights

The rights that are read to an arrested individual by a law enforcement agent before the individual is questioned about the commission of a crime.