Year GDP GDP deflator Population 1998 500 100 200 million 1999 800 160 210 million Vhich statement is true? Vhich statement is true? Multiple Choice Real GDP rose by 60 percent. Real GDP rose more quickly than GDP. Real GDP and GDP rose at the same rate. Real GDP did not rise.

Year GDP GDP deflator Population 1998 500 100 200 million 1999 800 160 210 million Vhich statement is true? Vhich statement is true? Multiple Choice Real GDP rose by 60 percent. Real GDP rose more quickly than GDP. Real GDP and GDP rose at the same rate. Real GDP did not rise.

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Year
GDP
GDP deflator
Population
1998 500
100
200 million
1999 800
160
210 million
Which statement is true?
Which statement is true?
Multiple Choice
Real GDP rose by 60 percent.
Real GDP rose more quickly than GDP.
Real GDP and GDP rose at the same rate.
Real GDP did not rise.

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