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In 2010, Real GDP Was $13

Question 276

Multiple Choice

In 2010, real GDP was $13.2 trillion (using 2005 prices) and nominal GDP was $14.6 trillion. Based on the GDP deflator, prices in 2010 were about _____ than prices in 2005.


A) 9.6% lower
B) 9.6% higher
C) 10.6% lower
D) 10.6% higher

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