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United StatesEconomicsQuick questions
Unit 2: Economic Indicators and the Business Cycle
Quick questions on Real versus nominal GDP - AP Macroeconomics Topic 2.6
2short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is q1?Show answer
State the formula for the GDP deflator and its value in the base year. [2 points]
What is q2?Show answer
Nominal GDP grows 6 percent while inflation is 4 percent. Estimate real GDP growth and explain. [2 points]
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