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If Nominal Gross Domestic Product (GDP) in 2018 Was $3,000

Question 342

Multiple Choice

If nominal Gross Domestic Product (GDP) in 2018 was $3,000 billion, and the price level index was 330 (2000 = 100) , then real Gross Domestic Product (GDP) in terms of the price level in 2018 was about


A) $105 billion.
B) $4,220 billion.
C) $909 billion.
D) $537 billion.

Correct Answer:

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