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How is nominal GDP converted into real GDP? A. by adding up all of the real purchases made in the economy B. through eliminating the effects of price increases on GDP growth C. by adding all incomes earned in an economy to total expenditures by consumers, businesses, and government D. by adding the contributions of American-owned factories in foreign countries
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Asked 4/17/2012 7:31:16 AM
Updated 3/10/2015 12:53:14 PM
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User: How is nominal GDP converted into real GDP? A. by adding up all of the real purchases made in the economy B. through eliminating the effects of price increases on GDP growth C. by adding all incomes earned in an economy to total expenditures by consumers, businesses, and government D. by adding the contributions of American-owned factories in foreign countries





Question|Rated bad
Asked 4/17/2012 7:31:16 AM
Updated 3/10/2015 12:53:14 PM
1 Answer/Comment
Flagged by emdjay23 [3/10/2015 12:53:14 PM]
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Nominal GDP converted into real GDP: through eliminating the effects of price increases on GDP growth.


Added 3/10/2015 12:53:03 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [3/10/2015 1:07:21 PM]
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