If the Nominal GDP Was Reported at $1,677 Billion and Inflation

question 20

Multiple Choice

If the nominal GDP was reported at $1,677 billion and inflation was 1.25%, what is the level of real GDP for the period?

• A)$1,579.54
• B)$1,591.41
• C)$1,612.75
• D)$1,656.30
• E)$1,673.95

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