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

Economics

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