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Suppose that nominal GDP in 2006 was $100 billion and, in 2012, it was $260 billion. The GDP deflator in 2006 was 100 and, in

Suppose that nominal GDP in 2006 was $100 billion and, in 2012, it was $260 billion. The GDP deflator in 2006 was 100 and, in 2012, it was 180. Between 2006 and 2012, real GDP rose by:

  • 12 percent
  • 160 percent
  • 80 percent
  • 37 percent
  • 44 percent

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