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  3. Study Set
    Principles of Macroeconomics Study Set 7
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    Exam 3: Measuring the Economy 1: GDP and Economic Growth
  5. Question
    Use the Following,with Year 1 as the Base Year
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Use the Following,with Year 1 as the Base Year

Question 40

Question 40

Multiple Choice

Use the following,with Year 1 as the base year:
Use the following,with Year 1 as the base year:    -Refer to the information above to answer this question.What is the value of nominal GDP in Year 2? A) $605. B) $651. C) $7,500. D) $8,250. E) $8,910.
-Refer to the information above to answer this question.What is the value of nominal GDP in Year 2?


A) $605.
B) $651.
C) $7,500.
D) $8,250.
E) $8,910.

Correct Answer:

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