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Suppose the Real Gross Domestic Product (GDP) Equals $100 Billion

Question 40

Multiple Choice

Suppose the real gross domestic product (GDP) equals $100 billion this year and the nominal gross domestic product (GDP) is $200 billion. This implies that the price level has increased by _____compared to the base year.


A) $200 billion
B) 50 percent
C) $100 billion
D) 100 percent
E) 200 percent

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