Multiple Choice
Assume that between 1999 and 2009 nominal GDP increased from $7 trillion to $12 trillion and that the GDP deflator rose from 100 to 150. Which of the following expresses GDP for 2009 in terms of 1999 prices?
A) $7.5 trillion
B) $8.0 trillion
C) $9.0 trillion
D) $18.0 trillion
Correct Answer:
Verified
Correct Answer:
Verified
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