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How the GDP Deflator equals

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Reference no: EM132643859

Problem 1: If nominal GDP equals $5,000 and real GDP equals $4,000, then the GDP Deflator equals

A. 125

B. 1.25

C. 800

D. .8 E. 300

Problem 2: If nominal GDP equals $6,000 and the GDP deflator equals 200, then real GDP equals

A. $30

B. $3,000

C. $12,000

D. $1,200

E. $1,200,000

Reference no: EM132643859

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