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Below are some data from a small country: Year Cost of Basket Nominal GDP Real GDP 2019 $13,600 $900,000 $900,000 2020 $14,500 $915,000 $905,500 Assume

Below are some data from a small country:

Year Cost of Basket Nominal GDP Real GDP
2019 $13,600 $900,000 $900,000
2020 $14,500 $915,000 $905,500

Assume that the base year is 2019. Complete the table below. If necessary, round to the nearest tenth. Be sure to fill in all 6 empty spaces in the table.

Year Consumer Price Index CPI inflation rate

GDP Deflator

GDP Deflator

Inflation rate

2019

a ------------------- b ------------------------

2020

c

d % e f %

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