Suppose the Real Gross Domestic Product (GDP)equals $100 Billion This

Multiple Choice

Suppose the real gross domestic product (GDP) equals $100 billion this year and the nominal gross domestic product (GDP) is $200 billion.This implies that the price level has increased by _____.

A) $200 billion
B) 50 percent
C) $100 billion
D) 100 percent
E) 200 percent