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Adding to Table 11.1, if a real GDP in 2002 were $10,048.8 billion and nominal GDP in 2002 wee $10,469.6 billion, calculate the percentage change from 2001 to 2002 in nominal GDP, real GDP, and the price level. What is the value of the GDP deflator in 2002?

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M9443666

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