Multiple Choice
At 2017 prices, the value of production in 2018 was 2 percentage points higher than in 2017.At 2018 prices, the value of production in 2018 was 4 percentage points higher than in 2017.The chained- dollar real GDP is _______ in 2018 than in 2017.
A) 2 percent smaller
B) 3 percent greater
C) 3 percent smaller
D) 4 percent greater
E) 2 percent greater
Correct Answer:
Verified
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