Multiple Choice
Assume that between 1995 and 2000 nominal GDP increased from $1,000 to $2,500,and the index of prices increased from 100 to 200.Which of the following expresses GDP for 2000 in terms of 1995 prices?
A) $1,000
B) $1,250
C) $2,500
D) $5,000
Correct Answer:
Verified
Correct Answer:
Verified
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