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In the year 1985. the economy produces 10 units of a good that sell for $3 each in the next year, the economy produces 20
In the year 1985. the economy produces 10 units of a good that sell for $3 each in the next year, the economy produces 20 units of good that sells for $4 each: Calculate nominal GDP , real GDP. and GDP deflator for each year. (Use 1985 as the base year)
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