Question
In 2017, tuition costs $4,500 per term and you go to school for three terms (fall, spring and summer). Your rent is $950 per month
a. What is nominal GDP (aggregate output) for 2018?
b. What is the adjusted-for-inflation product level for 2018? (i.e. Real GDP)
c. Calculate the implicit price (GDP) deflator for 2018.
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Essentials Of Federal Taxation 2018
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
9th Edition
1260007642, 978-1260150292, 1260150291, 978-1260007640
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