Suppose nominal GDP in the base year was $380 million. Five years later, nominal GDP was $480 billion and the GDP price index was 120. Over those five years, real GDP: Group of answer choices increased by $80 billion

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hallparker1976 hallparker1976

02-01-2021
Business

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Suppose nominal GDP in the base year was $380 million. Five years later, nominal GDP was $480 billion and the GDP price index was 120. Over those five years, real GDP: Group of answer choices increased by $80 billion

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