In year 1, nominal GDP for the United States was $2,250 billion and in year 2 it was $2,508 billion.The GDP deflator was 72 in year 1 and 79 in year 2.Between year 1 and year 2, real GDP rose by
A) 11.4 percent.
B) 9.7 percent.
C) 2.4 percent.
D) 1.6 percent.
Correct Answer:
Verified
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