Multiple Choice
Suppose that GDP in current dollars was $360 billion in 2006 and $450 billion in 2012.The GDP deflator was 120 in 2006 and 125 in 2012.It can be concluded that,between 2006 and 2012,real GDP:
A) increased by about $5 billion
B) decreased by about $32 billion
C) increased by about $100 billion
D) increased by about $117 billion
E) increased by about $60 billion
Correct Answer:
Verified
Correct Answer:
Verified
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