If real GDP in a year was $3,668 billion and the price index was 112, then nominal GDP in that year was approximately:

A.  $3,846 billion
B.  $3,925 billion
C.  $4,108 billion
D.  $4,379 billion

C.  $4,108 billion

Economics

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Refer to Figure 9-5. The increase in domestic producer surplus as a result of the tariff is equal to

A) $11.25 million. B) $18 million. C) $32.5 million. D) $45 million.

Economics

Of the following groups, who gains from rent controls?

A) landlords B) construction workers and their union leaders C) poor people who have a hard time earning enough income to pay high rents D) high-income people who live in rent-controlled apartments

Economics