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Production Prices Year 1 Year 2 Year 3 Year 1 Year 2 Year 3 Good X 60 80 100 $1.00 $1.00 $1.40 Good Y 100

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Production Prices Year 1 Year 2 Year 3 Year 1 Year 2 Year 3 Good X 60 80 100 $1.00 $1.00 $1.40 Good Y 100 110 130 $0.80 $0.90 $1.00 Note: If the image does not automatically appear, click here 1 . i) Refer to Table 19.1. Assume that this economy produces only two goods, Good X and Good Y. The value for this economy's nominal GDP in year 1 is $ ii) Refer to Table 19.1. Assume that this economy produces only two goods, Good X and Good Y. The value for this economy's nominal GDP in year 3 is $ iii) Refer to Table 19.1. Assume that this economy produces only two goods, Good X and Good Y. The value for this economy's nominal GDP in year 2 is $ iv) Refer to Table 19.1. Assume that this economy produces only two goods, Good X and Good Y. If year 1 is the base year, the value for this economy's real GDP in year 2 is $ v) Refer to Table 19.1. Assume that this economy produces only two goods, Good X and Good Y. If year 1 is the base year, the value for this economy's GDP deflator in year 1 is

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