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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 two decimals.

Year

Cost of Basket

CPI

Nominal GDP

Real GDP

2018

$120

?

$1,250

?

2019

?

110

$2,300

?

2020

$350

?

?

$1,900

2021

$92.15

?

$625

?

2022

?

33.59

?

$3,200

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