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2. value: 10 points Refer to the above diagram. Which of the following statements is correct?

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2. value: 10 points Refer to the above diagram. Which of the following statements is correct? Real GDP has grown in this economy, but nominal GDP has not. The price index is greater than 100 for every year shown on the graph. Nominal GDP must be deflated in each year prior to 2000 to determine real GDP. Nominal GDP must be deflated in each year since 2000 to determine real GDP. 22. value: 10 points Refer to the above data. The MPS is: 3/5. 2/5. 7/10. 3/10. 23. value: 10 points Refer to the above data. At the $370 billion level of DI the APS is approximately: 16 percent. 7 percent. 4 percent. 1 percent. 24. value: 10 points
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Refer to the above data for a private closed economy. If gross investment is $12 billion, the equilibrium level of GDP will be: $370. $360. $350. $380.
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2.
value: 10 points
Refer to the above diagram. Which of the following statements is correct?
Real GDP has grown in this economy, but nominal GDP has not.
The price index is greater than 100 for...

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