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Please answer the questions below. Please provide the answer in a separate document (word or excel). Make sure you include the necessary calculations. Round off
Please answer the questions below. Please provide the answer in a separate document (word or excel). Make sure you include the necessary calculations. Round off the answers to two decimal places. Provide the answer in a separate document.Nominal GDP in 2017 = EUR 250 million, inflation = 2.0, and deflator in the previous year (2016) = 1.05. Please calculate"
a) The value of the deflator for 2017
b)The value of the real GDP (in EUR million) in 2017
c) What wasthe real value of net export in 2017 if
- C = 1/6 GDP
- I = 5/12 GDP
- G = 1/3 GDP ?
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