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Business, 29.06.2021 20:00 ghernadez

If the price level is 100 for 1996 and the price level is 103.3 in 1998, a nominal GDP in 1998 of $8,800 billion would mean that real GDP in 1998 (in 1996 prices) would be closest to: a. $9.090.4 billion.
b. $8,518.9 billion.
c. $8,800 billion.
d. $8696.7 billion

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If the price level is 100 for 1996 and the price level is 103.3 in 1998, a nominal GDP in 1998 of $8...

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