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Refer to the Following Table When Answering
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Question 12

Multiple Choice

Refer to the following table when answering
Table 2.4: U.S. and Eurozone Nominal GDP in 2011
2011 Eurozone nominal GDP (€ billions)  13,144 U.S. nominal GDP ($ billions)  $15,100 Dollar/euro exchange rate $1.28 /€1 1 PEz  /Pus 0.96\begin{array} { l | c } \hline & 2011 \\\hline \text { Eurozone nominal GDP (€ billions) } & € 13,144 \\\text { U.S. nominal GDP (\$ billions) } & \$ 15,100 \\\text { Dollar/euro exchange rate } & \$ 1.28 \text { /€1 } 1 \\\text { PEz } & \\& \\& \\\text { /Pus } & 0.96 \\\hline\end{array}
-Consider the data in Table 2.4. When we convert the Eurozone's nominal GDP into dollars but do NOT adjust for price differences, the U.S. economy is about ________ times ________ than the Eurozone economy.


A) 1.15; smaller
B) 1.64; smaller
C) 1.15; bigger
D) 1.11; smaller
E) 1.09; bigger

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