Assume that between 2000 and 2010 the money GDP of an economy increased from $3 trillion to $8 trillion and that the appropriate index of prices increased from 100 to 200.Which of the following expresses GDP for 2000 in terms of 2010 prices?
A) $1 trillion
B) $3 trillion
C) $4 trillion
D) $6 trillion
Correct Answer:
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