In 1960, U.S. nominal GDP was $527 billion and the GDP chain price index is 23.3. Real GDP in 1996 dollars is:
A) $1,228 billion.
B) $2,262 billion.
C) $3,000 billion.
D) $3,262 billion.
Correct Answer:
Verified
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Q168: Exhibit 5-6 Use the table below to
Q170: Exhibit 5-9 GDP data (billions of dollars)
Q171: Exhibit 5-7 GDP data (billions of dollars)
Q172: Exhibit 5-9 GDP data (billions of dollars)
Q173: Exhibit 5-8 GDP data (billions of dollars)
Q174: In 1980, U.S. nominal GDP was $2,784
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