The base year is 2009. Your nation's GDP is $1,000 billion. The amount of inflation between 2009 and 2010 was equal to 8%. What nominal GDP is necessary so that purchasing power remains constant? $1,080 billion $8,000 billion $1,800 billion O $1,008 billion None of the above are correct

The base year is 2009. Your nation's GDP is $1,000 billion. The amount of inflation between 2009 and 2010 was equal to 8%. What nominal GDP is necessary so that purchasing power remains constant? $1,080 billion $8,000 billion $1,800 billion O $1,008 billion None of the above are correct

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The base year is 2009. Your nation's GDP is $1,000 billion. The amount of
inflation between 2009 and 2010 was equal to 8%. What nominal GDP is
necessary so that purchasing power remains constant?
O $1,080 billion
O $8,000 billion
O $1,800 billion
O $1,008 billion
None of the above are correct

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