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Define GDP deflator. Calculate the GDP deflator for 2018 and 2019 from the following table. Year Nominal Real GDP GDP 2008 $ 500 $ 500

Define GDP deflator. Calculate the GDP deflator for 2018 and 2019 from the following table. Year Nominal Real GDP GDP 2008 $ 500 $ 500 2009 $ 1600 $ 700

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