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-The Table Above Has Real and Nominal GDP for Two

Question 262

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  -The table above has real and nominal GDP for two years for a foreign country. a.What does the GDP price index equal in 2010? What does the value of the GDP price index tell you about 2010? b.What does the GDP price index equal in 2011?
-The table above has real and nominal GDP for two years for a foreign country.
a.What does the GDP price index equal in 2010? What does the value of the GDP price index tell you about 2010?
b.What does the GDP price index equal in 2011?

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a.The GDP price index equals (100)× (nom...

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