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Question
If nominal Gross Domestic Product (GDP) in 2011 was $3,000 billion, and the price level index was 330 (2005 = 100), then real Gross Domestic Product (GDP) in terms of the price level in 2011 was about
A) $105 billion.
B) $4,220 billion.
C) $909 billion.
D) $537 billion.
Answer
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