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Table 19-20 -Refer to Table 19-20

Question 252

Multiple Choice

Table 19-20
20152016 Nominal GDP $10,000$12,000 Real GDP 9,50010,500\begin{array} { | l | r | r | } \hline & { \mathbf { 2 0 1 5 } } &{ \mathbf { 2 0 1 6 } } \\\hline \text { Nominal GDP } & \$ 10,000 & \$ 12,000 \\\hline \text { Real GDP } & 9,500 & 10,500 \\\hline\end{array}
-Refer to Table 19-20.Given the following information,calculate the rate of increase in the price level from 2015 to 2016.


A) 8.6%
B) 7.9%
C) -7.9%
D) -8.6%

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