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Economics (AS & A Level) · May / June 2023 · Paper 12 · Question 20

9708Economic growth

What is used to convert nominal GDP to real GDP?

  1. Aexchange rates
  2. Bchanges in the price level
  3. Cinterest rates
  4. Dtaxation

As printed in the paper

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Correct answer: B. changes in the price level

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