Multiple Choice
Suppose nominal GDP in year 1 was $100 billion and in year 2 it was $260 billion. The general price index in year 1 was 100 and in year 2 it was 180. Real GDP in year 2 was
A) $160 billion.
B) $144 billion.
C) $44 billion.
D) $80 billion.
Correct Answer:
Verified
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