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Nominal GDP is some year is $15 trillion. Real GDP in that same year is $11 trillion. What is the value of the GDP price index in that year? Select one: O a. 152 O b. 375 O c. 136 O d. 200 Check

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Nominal GDP is some year is $15
trillion. Real GDP in that same year
is $11 trillion. What is the value of
the GDP price index in that year?
Select one:
а. 152
O b. 375
О с. 136
O d. 200
Check

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