If GDP Rose from $5 Trillion in the Base Year

question 121

Multiple Choice

If GDP rose from $5 trillion in the base year to $7 trillion in the current year,and during this period the GDP deflator rose by less than 40 percent,the most accurate statement we can make about the change in real GDP from the base year to the current year is that

• A)it rose by less than 40 percent.
• B)it rose by 40 percent.
• C)it rose by more than 40 percent.
• D)it did not change.
• E)it fell.

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