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(GDP figures are in billions of dollars.) Year Nominal GDP Real GDP Price index 1 5,200 4,800 2 5,500 112 3 5,740 5,000 Refer to
(GDP figures are in billions of dollars.) Year Nominal GDP Real GDP Price index 1 5,200 4,800 2 5,500 112 3 5,740 5,000 Refer to the above table. What was real GDP in Year 2? Multiple Choice $4,820 billion $5,320 billion $4,875 billion $4,911 billion
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Price theory and applications
Authors: Steven E landsburg
8th edition
538746459, 1133008321, 780538746458, 9781133008323, 978-0538746458
