If Nominal GDP Is $18 Trillion and Real GDP Is

question 85

Multiple Choice

If nominal GDP is $18 trillion and real GDP is $3 trillion, the GDP deflator is

• A) 6.
• B) 21.
• C) 54.
• D) 600.

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Definitions:

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Classroom Setting

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The set of federal statutes and regulations that govern the process of bankruptcy in the United States, providing for the resolution of insolvency cases and reorganization of debtor assets.

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