APFIVE Calculating Real GDP Percentage Change
A country’s GDP in 2019 was $200 billion, and its GDP in 2020 was $210 billion. If the GDP deflator increased from 100 in 2019 to 105 in 2020, what was the percentage change in real GDP?
A
5.00%
B
0%
C
10.00%
D
4.76%
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