Suppose the total monetary value of all final goods and services produced in a particular country during one year is $500 billion, and the total monetary value of final goods and services sold is $450 billion. We can conclude that ________.
A. real GDP in 2010 is $450 billion
B. inventories in 2010 fell by $50 billion
C. nominal GDP in 2010 is $450 billion
D. nominal GDP in 2010 is $500 billion
Answer: D
Economics
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