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The Following Data Show Nominal GDP and the Appropriate Price

Question 27

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The following data show nominal GDP and the appropriate price index for several years.Compute real GDP for each year and indicate whether you have "inflated" or "deflated" nominal GDP in finding real GDP.All GDP are in billions. The following data show nominal GDP and the appropriate price index for several years.Compute real GDP for each year and indicate whether you have  inflated  or  deflated  nominal GDP in finding real GDP.All GDP are in billions.

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