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Between Two Years, GDP at Constant Prices Increased by 5

Question 295

Multiple Choice

Between two years, GDP at constant prices increased by 5 percent while GDP at current prices increased by 8 percent. Based on this information, the price level


A) increased by 3 percent.
B) increased by 13 percent.
C) decreased by 3 percent.
D) decreased by 13 percent.

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