Suppose nominal GDP was $360 billion in 1990 and $450 billion in 2000. The

  • Thread starter Thread starter Yafet G
  • Start date Start date
Y

Yafet G

Guest
appropriate price index (1985 = 100? Suppose nominal GDP was $360 billion in 1990 and $450 billion in 2000. The appropriate price index (1985 = 100) was 120 in 1990 and 125 in 2000. Between 1990 and 2000 real GDP:

Which choice is it?

A. increased by $100 billion.
B. decreased by $32 billion.
C. increased by $60 billion.
D. increased by $117 billion.
 
Back
Top