If nominal gross domestic product (GDP) increased from $5,000 billion in 2010 to $5,500 billion in 2011 and the GDP deflator increased from 130 to 140 over the same time period, then the real GDP in 2011 is _____.
A) $4,643 billion
B) $3,928 billion
C) $5,385 billion
D) $5,500 billion
E) $6,385 billion
Correct Answer:
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