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Use the following information to answer this question. If nominal GDP rises from $100 trillion to $120 trillion, while the GDP deflator rises from 2.0 to 2.2, the percentage change in real GDP is approximately equal to
A) -10%.
B) 0%.
C) 10%.
D) 20%.
E) 30%.

Respuesta :

lucariel92

Answer:

d) 20%

Explanation:

real gdp at t_1 = $100 trillion / 2.2

real gdp at t_2 = $120 trillion / 2.2

real gdp at t_2 / real gdp at t_1 - 1 = 20%

There is no need in using the old deflactor

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