Assume That in the Base Year, 2019, a Country's Nominal

Multiple Choice

Assume that in the base year, 2019, a country's nominal GDP is $10,000 billion. The country has had 5% inflation each year since 2014. Real GDP in 2019 is:

A) $10,500 billion.
B) $10,500 billion
C) $11,025 billion.
D) $11,025 billion
E) $10,000 billion.
F) $10,000 billion
G) $9,500 billion
H) $9,500 billion.