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Below is a table of output data for the economy of Macroland. Use this information to answer the questions provided. Year Nominal GDP (millions, $)
Below is a table of output data for the economy of Macroland. Use this information to answer the questions provided. Year Nominal GDP (millions, $) Price Index (GDP Deflator) Real GDP (millions, $) 2018 95.4 897.7 2019 98.5 875.9 2020 100 865.4 2021 103.5 842.0 2022 108.2 805.7 Calculate Nominal GDP for 2018. Question 23 options: $993.1 $856.4 $802.3 $9.41
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Essentials of Economics
Authors: N. Gregory Mankiw
8th edition
1337091995, 978-1337515351, 1337515353, 978-1337091992
