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Q.1: Refer to the table 6.2 Assume that this economy produces only two good c and good y. Calculate the value for this economy's nominal
Q.1: Refer to the table 6.2 Assume that this economy produces only two good c and good y. Calculate the value for this economy's nominal GDP in year 2____. Q.2: refer to table 6.2 assume that this economy produces only two goods Good x and Good Y. If year 1 is the base year, calculate the value for this economy's real GDP in year 2____Q.3: refer to table 6.2 assume that this economy produces only two goods Good x and Good Y. If year 1 is the base year, calculate the value for this economy's GDP deflator in year 2 ___.
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