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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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Table 6.2 Production . Prices Year 1 Year 2 Year 3 Year 1 Year 2 Year 3 Good X 50 75 100 $1.00 $1.00 $1.20 Good Y 100 100 130 $0.60 $0.75 $1.00

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