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Assuming a standard year of 2002, to calculate nominal GDP for 2002, we use the prices in OA. 2002 and quantities in 2008. OB. 2008 and quantities in 2002. OC. 2008 and quantities in 2008. OD. 2002 and quantities in 2002

Assuming a standard year of 2002, to calculate nominal GDP for 2002, we use the prices in OA. 2002 and quantities in 2008. OB. 2008 and quantities in 2002. OC. 2008 and quantities in 2008. OD. 2002 and quantities in 2002

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Assuming a standard year of 2002, to calculate nominal GDP for 2002, we use the prices in OA. 2002 and quantities in 2008. OB. 2008 and quantities in 2002. OC. 2008 and quantities in 2008. OD. 2002 and quantities in 2002.
Transcribed Image Text:Assuming a standard year of 2002, to calculate nominal GDP for 2002, we use the prices in OA. 2002 and quantities in 2008. OB. 2008 and quantities in 2002. OC. 2008 and quantities in 2008. OD. 2002 and quantities in 2002.
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