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What is the real gdp

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Reference no: EM131588845

Year Nominal GDP (billions of dollar per year) Price level index (base year 2005=100)

2005 8,950 100
2015 9,250 120

Using the data in the above table, what is the real GDP for year 2005 (in billions of constant dollars)?
A.8,500
B.7,708
C.9,250
D.8,950

 

Reference no: EM131588845

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