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If Real GDP Is $9,600 Billion, Nominal Money Supply Is

Question 7

Multiple Choice

If real GDP is $9,600 billion, nominal money supply is M is $5,200 billion, and income velocity of money is V = 2, what is the approximate value of the GDP-deflator?


A) 3) 70
B) 1) 84
C) 1) 08
D) 0) 92
E) 0) 84

Correct Answer:

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