The Formula for Calculating Real GDP = (Price Index/nominal GDP)

question 25

True/False

The formula for calculating real GDP = (price index/nominal GDP) 100.

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Definitions:

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The physical and mental efforts employed in economic production or service activities, often referring to both the workforce and the process of childbirth.

Mercury

A chemical element with the symbol Hg and atomic number 80, known for being a liquid metal at room temperature.

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The capacity to process information, reason, remember, and relate objects and symbols.

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