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If Nominal GDP Increased from $4,500 Billion in 2000 to $5,000

Question 44

Multiple Choice

If nominal GDP increased from $4,500 billion in 2000 to $5,000 billion in 2001 and the GDP deflator increased from 100 to 105 over the same time period, what would the 2001 real GDP equal expressed in terms of 2000 dollars?


A) $4,285 billion
B) $4,500 billion
C) $4,725 billion
D) $4,762 billion $5,250 billion

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