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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 39
GDP rises from $4 trillion in 1986, the base year, to $5 trillion in 1989. The GDP deflator in 1989 is 120. Find real GDP in 1989. Find the percentage increase in real GDP between 1986 and 1989.
Explanation
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GDP, or Gross Domestic Product refers to...
Macroeconomics 11th Edition by Stephen Slavin
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