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Suppose That Nominal GDP in 2006 Was $100 Billion And,in

Question 10

Multiple Choice

Suppose that nominal GDP in 2006 was $100 billion and,in 2012,it was $260 billion.The GDP deflator in 2006 was 100 and,in 2012,it was 180.Between 2006 and 2012,real GDP rose by:


A) 160 percent
B) 44 percent
C) 37 percent
D) 12 percent
E) 80 percent

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