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Assume 2018 is the base year with a CPI of 100, complete the following table. Show ALL your work and round your final answer to
Assume 2018 is the base year with a CPI of 100, complete the following table. Show ALL your work and round your final answer to 2 decimals.
| Year | Cost of Basket | CPI | Nominal GDP | Real GDP |
| 2018 | $140 | ? | $1,500 | ? |
| 2019 | ? | 125 | $1,400 | ? |
| 2020 | $225 | ? | ? | $1,200 |
| 2021 | $98.25 | ? | $755 | ? |
| 2022 | ? | 37.36 | ? | $2,650 |
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International Marketing
Authors: Philip R Cateora
13th Edition
0073080063, 9780073080062
