QUESTION 6 Refer to the accompanying data, using year 1 as the base year, All dollars are in billions. Real GDP increased from year 3 to year 4 by approximately 首 Year Nominal GDP Price Index 1 $3,166 100 3,402 104 3 3,774 108 4 3,989 112 O a. $68 billion. O b. $98 billion. OC. $215 billion. 4d. S75 billion
QUESTION 6 Refer to the accompanying data, using year 1 as the base year, All dollars are in billions. Real GDP increased from year 3 to year 4 by approximately 首 Year Nominal GDP Price Index 1 $3,166 100 3,402 104 3 3,774 108 4 3,989 112 O a. $68 billion. O b. $98 billion. OC. $215 billion. 4d. S75 billion
Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations
Section: Chapter Questions
Problem 18P
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Transcribed Image Text:QUESTION 6
Refer to the accompanying data, using year 1 as the base year. All dollars are in billions. Real GDP increased from year 3 to year 4 by approximately
Year
Nominal GDP
Price Index
1
$3,166
100
3,402
104
3
3,774
108
3,989
112
a. $68 billion.
Ob. $98 billion.
O C. $215 billion
Od.$75 billion
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