In 1990, U.S. nominal GDP was $5,744 billion and the GDP chain price index is 93.6. Real GDP in 1996 dollars is:
A) $6,137 billion.
B) $5,376 billion.
C) $6,000 billion.
D) $6,376 billion.
Correct Answer:
Verified
Q82: Real GDP means GDP:
A) valued at prices
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Q95: In an economy with persistent inflation,
A) real
Q136: The income that people earn in resource
Q138: In contrast with nominal GDP, real GDP
Q142: The most broadly based price index is
Q146: The GDP chain price index is designed
Q161: Exhibit 5-7 GDP data (billions of dollars)
Q163: Exhibit 5-7 GDP data (billions of dollars)
Q164: Exhibit 5-8 GDP data (billions of dollars)
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