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In 2010 the GDP in Economia was $2,000 billion. In 2011, the GDP
was $3,000 B, but the price index has risen from 1 to 1.5. What was
the real GDP in 2011, expressed in terms of year 2010 (base year)
dollars. A. $3,000 B B. $1,500 B C. $4,500 B D. $2,000 B

NEW QUESTION BASED ON TOP ONE.

Refer to the question above. In year 2010, the price index was
1.0. By the end of year 2011, it was 1.5. By the end of year 2012
it was 1.8. What was the rate of inflation in 2012? A. 10% B. 20%
C. 30% D. 50%