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5) Refer to Table 20.4.4 above. The table provides data on the economy of Tropical Republic that produces only bananas and coconuts. a) Calculate the
5) Refer to Table 20.4.4 above. The table provides data on the economy of Tropical Republic that produces only bananas and coconuts. a) Calculate the Nominal GDP in 2013. (2 Marks) b) Calculate the Real GDP in 2014. (2 Marks) c) Calculate the GDP Deflator in 2014
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