Real GDP may be calculated by dividing _______ by _______.
A) nominal GDP;the GDP deflator
B) the GDP deflator;nominal GDP
C) nominal GDP;real GDP
D) the price index;nominal GDP
E) real GDP;nominal GDP

Question

Quizplus · Accepted Answer

Real GDP is calculated by dividing nominal GDP by the GDP deflator, which adjusts for changes in price levels to reflect the actual economic output.

Real GDP May Be Calculated by Dividing _______ by _______

Real GDP May Be Calculated by Dividing _ by _