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2 years ago

If real GDP in a year was $3,900 billion and the price index was 130, then nominal GDP in that year was approximately

Business

1 answer:

Eddi Din [679]2 years ago

6 0

Answer:

$5,070 billion

Explanation:

Given the following:

The real GDP in a year => $3,900 billion

The price index => 130,

The nominal GDP is measured as

=> 100 -130 = 30%

=> 30% × 3,900 = 1,170

=> 1,179 + 3,900 = 5,070

Therefore, in this case, the correct answer is $5,070 billion as the nominal GDP for the year.

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3 years ago

Maldonia has a comparative advantage in the production of sugar , while desonia has a comparative advantage in the production of

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3 years ago

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Answer:

The correct answer is C.

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Giving the following information:

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3 years ago

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Answer:

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