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Question
If nominal Gross Domestic Product (GDP) in 2005 was $500 billion with a price index of 100, what would be the real Gross Domestic Product (GDP) in 2010 if the 2010 nominal Gross Domestic Product (GDP) was $900 billion and the 2010 price index was 140?
A) $900 billion
B) $540 billion
C) $800 billion
D) $643 billion
Answer
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