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A price index is O a comparison of real GDP in one period relative to another. O a ratio of real GDP to nominal GDP.

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A price index is O a comparison of real GDP in one period relative to another. O a ratio of real GDP to nominal GDP. O the price of a market basket in a given year divided by the price of an identical market basket in a reference year. the cost of a market basket of goods and services in a base period divided by the cost on the same market basket in another period

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