Exhibit 11-6 Use the Table Below to Answer the Following

question 10

Multiple Choice

Exhibit 11-6 Use the table below to answer the following question(s) . $$\begin{array} { | l | c | c | } \hline \text { Year } & \begin{array} { c } \text { Nominal GDP } \\\text { (billions) }\end{array} & \begin{array} { c } \text { GDP } \\\text { deflator }\end{array} \\\hline \text { Year 1 } & 600 & 100.0 \\\text { Year 2 } & 1,000 & 133.3 \\\hline\end{array}$$ Refer to Exhibit 11-6. Between Year 1 and Year 2, the general level of prices increased by approximately:

• A) 16.7 percent.
• B) 33.3 percent.
• C) 66.7 percent.
• D) 133.3 percent.

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