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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 70
Circle the letter that corresponds to the best answer. If GDP rose from $6 trillion to $9 trillion and prices rose by 50 percent over this period, ______.
A) real GDP fell by 100 percent
B) real GDP fell by 50 percent
C) real GDP stayed the same
D) real GDP rose by 50 percent
E) real GDP rose by 100 percent
A) real GDP fell by 100 percent
B) real GDP fell by 50 percent
C) real GDP stayed the same
D) real GDP rose by 50 percent
E) real GDP rose by 100 percent
Explanation
Verified
Verified
Real GDP is GDP adjusted for inflation. ...
Macroeconomics 11th Edition by Stephen Slavin
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Character 255
