Assume that a nation's nominal GDP was $872 billion in 2019 and the general price index was 90 in 2019. To make the value of GDP in 2019 comparable with the value of GDP in the base year, the value of GDP in 2019 must be:

Question 36 options:

a)

adjusted downward to $678 billion.

b)

deflated to $896 billion.

c)

inflated to $1,080 billion.

d)

deflated to $1,080 billion.

e)

None of the above