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A GDP Deflator Is Real GDP Divided by Nominal GDP

question 54

True/False

A GDP deflator is real GDP divided by nominal GDP times 100.


Definitions:

Selling Price

The amount of money that a seller charges for a product or service.

Required Rate

The minimum return that investors seek on an investment, taking into account the risk involved.

Multiple Discriminant Analysis

A statistical technique used to differentiate items or cases into groups by analyzing multiple variables simultaneously.

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