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Exhibit 5-6 Use the table below to answer the following question(s). Nominal GDP GDP Year (billions) deflator Year 1 600 100.0 Year 2 1,000 133.3
Exhibit 5-6 Use the table below to answer the following question(s). Nominal GDP GDP Year (billions) deflator Year 1 600 100.0 Year 2 1,000 133.3 Refer to Exhibit 5-6. Between Year 1 and Year 2, the general level of prices increased by approximately: Question 13Select one: a. 16.7 percent. b. 33.3 percent. c. 66.7 percent. d. 133.3 percent
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