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In 2015, Nominal GDP Was $250 and Real GDP Was

Question 140

Multiple Choice

In 2015, nominal GDP was $250 and real GDP was $200. In 2016, nominal GDP was $360 and real GDP was $240. What is the growth rate of real GDP between 2015 and 2016?


A) 60%
B) 40%
C) 25%
D) 20%
E) none of the above answers

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