Refer to the data below and using year 1 as the base year, the real GDP in year 4 was approximately: Nominal GDP $3,166 $3,402 $3,774 $3,989 Year Price Index 100 1 2 104 108 112 14 Multiple Choice $3,562 billion. $3,989 billion. $3,774 billion. $3,494 billion.
Refer to the data below and using year 1 as the base year, the real GDP in year 4 was approximately: Nominal GDP $3,166 $3,402 $3,774 $3,989 Year Price Index 100 1 2 104 108 112 14 Multiple Choice $3,562 billion. $3,989 billion. $3,774 billion. $3,494 billion.
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter5: Measuring A Nation's Income
Section: Chapter Questions
Problem 6QR
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