If the Price Index Was 100 in 2000 and 120

question 18

Multiple Choice

If the price index was 100 in 2000 and 120 in 2010,and nominal GDP was $360 billion in 2000 and $480 billion in 2010,then the value of 2010 GDP in terms of 2000 dollars would be

• A)$300 billion.
• B)$384 billion.
• C)$400 billion.
• D)$424 billion.