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Macroeconomics + Economy 2009 Update 9th Edition by Stephen Slavin
Edition 9ISBN: 978-0077354206Macroeconomics + Economy 2009 Update 9th Edition by Stephen Slavin
Edition 9ISBN: 978-0077354206 Exercise 8
GDP rises from $5 trillion in 1990, the base year, to $7 trillion in 1994. The GDP deflator in 1994 is 140. Find real GDP in 1994. Find the percentage increase in real GDP between 1990 and 1994.
Explanation
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GDP, or Gross Domestic Product refers to...
Macroeconomics + Economy 2009 Update 9th Edition by Stephen Slavin
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