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Question
Suppose 2009 is the base year. From 2009 to 2010, the price index increases from 100 to 102.5. If nominal Gross Domestic Product (GDP) is $2,800 in 2010, then the real Gross Domestic Product (GDP) in 2010 is
A) $2,700.
B) $2,800.
C) $2,732.
D) $2,870.
Answer
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