Assume nominal GDP is $10,000 trillion in period 1 and $15,000 trillion in period 2. If prices in period 2 are twice as high as in period 1, real GDP in period 2 is
A. $15,000 trillion measured in period 1 prices.
B. $12,500 trillion measured in period 1 prices.
C. $10,000 trillion measured in period 1 prices.
D. $7,500 trillion measured in period 1 prices.
Answer: D
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