In the Economy Described in the Table, Real GDP for
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question 137

Multiple Choice

$$\begin{array} { | c | c | c | } \hline \text { Year } & \text { Nominal GDP } & \text { Price Index } \\\hline 1 & \$ 550 & \$ 140 \\\hline 2 & 560 & 135 \\\hline 3 & 576 & 120 \\\hline 4 & 586 & 117 \\\hline 5 & 604 & 108 \\\hline\end{array}$$ In the economy described in the table, real GDP for year 3 is

• A) $512.
• B) $428.
• C) $480.
• D) $691.

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