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Exhibit 18-8 -According to the Economy Described in Exhibit 18-8, If 2010

Question 157

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Exhibit 18-8 Exhibit 18-8   -According to the economy described in Exhibit 18-8, if 2010 is the base year, what was the GDP deflator in 2011?
-According to the economy described in Exhibit 18-8, if 2010 is the base year, what was the GDP deflator in 2011?

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First, calculate real and nominal GDP in...

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