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In our macro data set, we find that nominal GDP in 1 9 9 7 was 8 , 6 0 8 . 5 and the

In our macro data set, we find that nominal GDP in 1997 was 8,608.5 and the GDP deflator for 1997 was 78.0. Thus, real GDP for 1997 was approximately

a. 4,343

b. 11,037

c. 6,715

d. 10,462

e. none of the above.

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