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Answer :
Final answer:
To calculate real GDP when given a GDP price index of 125 and nominal GDP of $10 trillion, you divide the nominal GDP by the GDP price index divided by 100. The calculation gives a real GDP of $8 trillion, so the correct answer is D. $8 trillion. The correct option is D.
Explanation:
If the GDP price index is 125 and nominal GDP is $10 trillion, we can calculate real GDP using the following formula:
Real GDP = Nominal GDP / (GDP Price Index / 100)
Using this formula and the given values:
Real GDP = $10 trillion / (125 / 100)
Real GDP = $10 trillion / 1.25
Real GDP = $8 trillion (approx.)
Therefore, the correct answer is D. $8 trillion.
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