Nominal GDP was $600 billion in 1985,$800 billion in 1987.If prices doubled between 1975-1985:
Nominal GDP was $600 billion in 1985 and $800 billion in 1987.If prices doubled between 1975 and 1985,then:
\x05A)\x05nominal GDP in 1975 must have been $300 billion.
\x05B)\x05real 1985 GDP (in 1975 prices) was $400 billion.
\x05C)\x05real 1985 GDP (in 1975 prices) was $300 billion.
\x05D)\x05real 1987 GDP (in 1975 prices) was $400 billion.
\x05E)\x05none of the above.