Solved

If Nominal GDP Rose by 10 Percent and the Price

Question 77

Multiple Choice

If nominal GDP rose by 10 percent and the price index increased from 100 to 105 in a given year, real GDP:

A) rose by 15 percent.
B) rose by roughly 9.5 percent.
C) rose by 5 percent.
D) fell by 5 percent.

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