The equation for determining real GDP for year X is a. nominal GDP for year X average nominal GDP b. nominal GDP for year X GDP for year X − 100 c. nominal GDP for year X GDP chain price index for...



The equation for determining real GDP for


year X is


a. nominal GDP for year X


average nominal GDP


b. nominal GDP for year X


GDP for year X − 100


c. nominal GDP for year X


GDP chain price index for year X


× 100


d. nominal GDP for year X


average family income ×100



May 26, 2022
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