Multiple Choice
Suppose that 1996 is the base year, in which price index equals 100.And suppose that in 2010 the price index was 200, and nominal GDP was $6.2 trillion.What was real GDP in 2010, measured in 1996 dollars?
A) $3.1 trillion
B) $6.2 trillion
C) $12.4 trillion
D) $18.6 trillion
Correct Answer:
Verified
Correct Answer:
Verified
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