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The Table Above Gives Some Data About GDP in a c

Question 102

Multiple Choice

 Data for 2012  (billions of dollars)   Data for 2013  (billions of dollars)   Nominal GDP 4,0004,400 GDP using 2010 prices 4,0004,240 GDP using 2011 prices 4,2304,400\begin{array} { l c c } \hline & \begin{array} { c } \text { Data for 2012 } \\\text { (billions of dollars) }\end{array} & \begin{array} { c } \text { Data for 2013 } \\\text { (billions of dollars) }\end{array} \\\hline \text { Nominal GDP } & 4,000 & 4,400 \\\text { GDP using 2010 prices } & 4,000 & 4,240 \\\text { GDP using 2011 prices } & 4,230 & 4,400 \\\hline\end{array}
The table above gives some data about GDP in a country for two years. Using these the chained-dollar method for calculating real GDP, real GDP increased by-------------------- percent between these two years.


A) 6
B) 10
C) 2
D) 5
E) 4

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