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Which of the following is NOT correct? Multiple Choice Thenominal GDP measures the production of...

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Economics

Which of the following is NOT correct? Multiple Choice Thenominal GDP measures the production of goods and services valued atcurrent prices. Real GDP measures the production of goods andservices valued at constant prices (based on prices at the baseyear) The GDP price index or GDP deflator = (Nominal GDP/RealGDP)"100 When computing the GDP, intermediate goods (goodspurchased for resale or processing for the production of the finalgood) are included.

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