Question

Let’s consider some data on nominal GDP and GDP price deflator from the Federal Reserve Database: />Nominal GDP (billions of dollars) GDP price deflatorJanuary 1, 2018 $20041.047 109.371
Using the data in the table above, real GDP is equal to $__________.18323.91None of these are correct15680.94183.242191909.35 Flag this QuestionQuestion 183 ptsDuring the 1973-1975 recession, GDP growth was about -3% and the percent change in prices was about 13%. This combination of GDP growth and percent change in prices is referred to as:None of these are correctinflationstagflationrecessiondeflation Flag this QuestionQuestion 193 ptsWhich of the following cause the unemployment rate as measured by the Bureau of Labor Statistics to understate the true extent of joblessness?underemploymentdiscouraged workersAll of these are correctmarginally attached workers

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