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Suppose That Nominal GDP Is $1,000 in 2009 and $1,500

Question 100

Multiple Choice

Suppose that nominal GDP is $1,000 in 2009 and $1,500 in 2010. If the overall price level increased by _____% between 2009 and 2010, we could say that real GDP _____.


A) 50; stayed constant
B) less than 50; decreased
C) more than 50; increased
D) 50; increased

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