Solved

If Nominal GDP Increased from $4,500 Billion in 2010 to $5,000

Question 78

Multiple Choice

If nominal GDP increased from $4,500 billion in 2010 to $5,000 billion in 2011 and the GDP deflator increased from 100 to 105 over the same time period, what would the 2011 real GDP equal expressed in terms of 2010 dollars?


A) ​$4,285 billion
B) ​$4,500 billion
C) ​$4,725 billion
D) ​$4,762 billion

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q73: GDP is:<br>A)​the value of all final goods

Q74: The services rendered by a special agent

Q75: Mistakenly adding the value of a good

Q76: For the economy as a whole:<br>A)​income must

Q77: If nominal GDP rose by 10 percent

Q79: The net national product (NNP) can be

Q80: Which of the following is a problem

Q81: Household income after taxes is called:<br>A)​national income.<br>B)​gross

Q82: If real GDP increased by 2% and

Q83: Which of the following is not included