Question: Assuming that the base year is 2000, the nominal GDP of country C in 2016 is $60 billion while the GDP deflator is 120, therefore

Assuming that the base year is 2000, the nominal GDP of country C in 2016 is $60 billion while the GDP deflator is 120, therefore the real GDP in 2016 would be -- $72 billion $500 million $50 billion Check Answer Figure 2 shows the U.S. nominal and real GDP since 1960. Because

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