Question
In 2011, the GDP of a less developed country is 700 billion (nominal value). If the GDP deflator is 120 and the population of the
In 2011, the GDP of a less developed country is 700 billion (nominal value). If the GDP deflator is 120 and the population of the country is 35 million people. Determine:
1. The real GDP of the country
2. The GDP per capita
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Economics
Authors: Roger A. Arnold
12th edition
978-1305758674, 1305758676, 978-1285738321
