Assume That Between 2000 and 2010 the Money GDP of an Economy

question 96

Multiple Choice

Assume that between 2000 and 2010 the money GDP of an economy increased from $3 trillion to $8 trillion and that the appropriate index of prices increased from 100 to 200.Which of the following expresses GDP for 2000 in terms of 2010 prices?

• A)$1 trillion
• B)$3 trillion
• C)$4 trillion
• D)$6 trillion

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