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QUESTIONS Use the following information to calculate the change in real GDP for an economy as measured in 2012 prices. Year GDP (5 billion) GDP

QUESTIONS Use the following information to calculate the change in real GDP for an economy as measured in 2012 prices. Year GDP (5 billion) GDP deflator 2012 $1.450 100 2017 $1,900 150 a. Increased by $450 billion b. Decreased by $275 billion c. Decreased by $226 billion d. Decreased by $183 billion. e. Decreased by $147 billion

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