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Suppose in a Given Year, GDP Was $7,242 Billion and the GDP

Question 86

Multiple Choice

Suppose in a given year, GDP was $7,242 billion and the GDP chain price index for that year is 117.5. Real GDP is:

A) $5,488 billion.
B) $6,163 billion.
C) $6,740 billion.
D) $7,789 billion.

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