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Q: Identify the true statement.
  • A. If real GDP is 240 and price index is 120, then monetary GDP will be 200.
  • B. If real GDP is 240 and price index is 120, then monetary GDP will be 288.
  • C. If real GDP is 500 and price index is 200, then monetary GDP will be 700.
  • D. If real GDP is 500 and price index is 200, then monetary GDP will be 250.
Correct Answer: Option B -
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Explanations:

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