If the value of a price index was 125 for 2005 and 75 for 1982, and GD
If the value of a price index was 125 for 2005 and 75 for 1982, and GDP was 2500 in 2005 compared to 600 in 1982, the value of real 2005 GDP in terms of 1982 prices is
a. 1500.
b. 1000.
c. 2500.
d. 360.
ANSWER
A
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