Suppose that nominal GDP is $1,000 in 2018 and $1,500 in 2019. If the overall price level increased by _____ between 2018 and 2019, we could say that real GDP _____.
A) 50%; stayed constant
B) 50%; stayed constant.
C) less than 50%; decreased
D) less than 50%; decreased.
E) more than 50%; increased.
F) more than 50%; increased
G) 50%; increased.
H) 50%; increased
Correct Answer:
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