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In 2007, the nominal gross domestic product (GDP) was $50 billion and the GDP deflator was 200. Thus real GDP was a $50 billion b $150 billion c $100 billion d $4 billion e $25 billion

Respuesta :

Answer:

e $25 billion

Explanation:

The computation of the real GDP is shown below:

As we know that

Real GDP is

= Nominal gross domestic product ÷ GDP deflator × 100

= $50 ÷ 200 × 100

= 0.25 × 100

= $25 billion

Hence, the real GDP is $25 billion

Therefore the last option is correct

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