Multiple Choice
Suppose nominal GDP was $360 billion in 1990 and $450 billion in 2000.The appropriate price index (1985 = 100) was 120 in 1990 and 125 in 2000.Between 1990 and 2000, real GDP
A) increased by $60 billion.
B) decreased by $32 billion.
C) increased by $100 billion.
D) increased by $117 billion.
Correct Answer:
Verified
Correct Answer:
Verified
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