Assume we are talking about the Canadian economy which produces only one product, cannabis, legalized in 2017. Assume the Canadian economy has a nominal GDP of $360 billion in 2017 and $450 billion in 2021. The appropriate price Index was 100 in 2017 and 120 in 2021. It can be concluded that between 2017 and 2021 real GDP: Multiple Choice Increased by about $117 billion. Increased by about $90 billion, Increased by about $15 billion decreased by about $32 billion.
