If nominal GDP was $11,500 billion in 2003 and the price level in 2003 was 111.6,then real GDP would have been approximately
A) $9,795 billion.
B) $10,305 billion.
C) $10,485 billion.
D) $9,750 billion.
Correct Answer:
Verified
Q51: Net domestic product (NDP)is determined by
A)Subtracting depreciation
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Q54: Use the following figure to answer the
Q55: If real GDP falls from one period
Q57: The purpose of chain-weighted price adjustments in
Q58: The alternative combinations of final goods and
Q59: In periods of rising prices,percentage increases in
Q60: If real GDP in 2005 is $8,000
Q61: Exports are
A)Goods and services sold to foreigners.
B)Not
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