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Suppose that the nominal GDP in 2006 was $100 billion, and in 2019 it was $350 billion. The GDP deflator in 2006 was 100, and in 2019, it was 200. Between 2006 and 2019, real GDP rose by: 50 percent 57.14 percent 75 percent 100 percent none of the above

Suppose that the nominal GDP in 2006 was $100 billion, and in 2019 it was $350 billion. The GDP deflator in 2006 was 100, and in 2019, it was 200. Between 2006 and 2019, real GDP rose by: 50 percent 57.14 percent 75 percent 100 percent none of the above

Economics (MindTap Course List)
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp
Section7.4: Real Gdp
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Suppose that the nominal GDP in 2006 was $100 billion, and in 2019 it was $350 billion. The GDP deflator in 2006 was 100, and in 2019, it was 200. Between 2006 and 2019, real GDP rose by: 50 percent 57.14 percent 75 percent 100 percent none of the above
Transcribed Image Text:Suppose that the nominal GDP in 2006 was $100 billion, and in 2019 it was $350 billion. The GDP deflator in 2006 was 100, and in 2019, it was 200. Between 2006 and 2019, real GDP rose by: 50 percent 57.14 percent 75 percent 100 percent none of the above
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