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Which of the following is true? |
Real GDP = (Price Index/ Nominal GDP) * 100 Real GDP = (Nominal GDP * Price Index) * 100 Nominal GDP = (Real GDP/Price Index) *100 Nominal GDP =Real GDP x GDP Deflator |
Nominal GDP =Real GDP x GDP Deflator |
The correct answer is Option 4: Nominal GDP =Real GDP x GDP Deflator |
