Exhibit 5-6Use the table below to answer the following question(s).
Nominal GDP
GDP
Year(billions)
deflator
Year 1 600
100.0
Year 21,000
133.3
Refer to Exhibit 5-6. Measured in terms of Year 1 prices, real GDP in Year 2 was:
A. 600.
B. 750.
C. 900.
D. 1,333.
Answer: B
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