If nominal Gross Domestic Product (GDP) in 2010 was $500 billion with a price index of 100, what would be the real Gross Domestic Product (GDP) in 2020 if the 2018 nominal Gross Domestic Product (GDP) was $900 billion and the 2020 price index was 140?
A. $800 billion
B. $900 billion
C. $643 billion
D. $540 billion
Answer: C
Economics
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