Multiple Choice
Suppose nominal GDP was $360 billion in 2010 and $450 billion in 2020.The appropriate price index was 100 in 2010 and 120 in 2020.It can be concluded that between 2010 and 2020 real GDP:
A) increased by about $15 billion.
B) decreased by about $32 billion.
C) increased by about $90 billion.
D) increased by about $117 billion.
Correct Answer:
Verified
Correct Answer:
Verified
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