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If Real GDP in a Particular Year Is $5,000 Trillion

Question 156

Multiple Choice

If real GDP in a particular year is $5,000 trillion and nominal GDP in that same year is $4,000 trillion,then the

A) CPI is 125
B) economic activity has decreased 20 percent
C) GDP price index is 125
D) GDP price index is 80
E) economy has grown by 20 percent

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