ECONOMICS
BUSINESS CYCLES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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If the nominal GDP for a given year is $500 Billion and the real GDP for that year is $400 Billion then which of the following must be true
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The GDP deflator is 150
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The GDP deflator is 125
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The country is experiencing deflation
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The country is producing more output than it was the previous year
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The unemployment rate will increase as the economy improves
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Explanation:
There is 1 question to complete.