Which of the following is the first step for deriving real GDP from nominal GDP?
A)Finding nominal GDP for each year
B)Finding real GDP for each year
C)Computing a price index
D)Dividing each year's nominal GDP by the price year's price index

Question

Quizplus · Accepted Answer

The Answer of Which of the following is the first step for deriving real GDP from nominal GDP?
A)Finding nominal GDP for each year
B)Finding real GDP for each year
C)Computing a price index
D)Dividing each year's nominal GDP by the price year's price index

Which of the Following Is the First Step for Deriving