Nominal GDP is given by ________, where the price level is the ________.
A) Nominal GDP = Price level * Real GDP; GDP deflator
B) Nominal GDP = Price level ÷ Real GDP; GDP deflator
C) Nominal GDP = Price level + Real GDP; CPI
D) Nominal GDP = Price level - Real GDP; GDP deflator
E) Nominal GDP = Price level * Real GDP; CPI
Correct Answer:
Verified
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