If the price level is 100 for 2005 and the price level is 106.5 in 2007,a nominal GDP in 2007 of $15,600 billion would mean that real GDP in 2007 (in 2005 prices) would be closest to
A) $14,647.9 billion.
B) $15,600.0 billion.
C) $14,751.3 billion.
D) $13,971.2 billion.
Correct Answer:
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