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If a country has a GDP of $800 billion and the inflation rate is 2%, what will b

Practice Questions

Q1
If a country has a GDP of $800 billion and the inflation rate is 2%, what will be the GDP in real terms after adjusting for inflation?
  1. $784 billion
  2. $800 billion
  3. $816 billion
  4. $820 billion

Questions & Step-by-Step Solutions

If a country has a GDP of $800 billion and the inflation rate is 2%, what will be the GDP in real terms after adjusting for inflation?
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