Question

Suppose nominal GDP in year 1 was $100 billion and in year 2 it was $260 billion. The general price index in year 1 was 100 and in year 2 it was 180. Real GDP in year 2 was

Multiple Choice

$160 billion

$80 billion

$44 billion

$144 billion

Answer 1

[AI-generated answer — Bot]

$144 billion