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Suppose that in 1982 the total output in a single-good economy was 11,096 pizzas. Also suppose that in 1982 each pizza was priced at $5.

Suppose that in 1982 the total output in a single-good economy was 11,096 pizzas. Also suppose that in 1982 each pizza was priced at $5. Finally, assume that in 1998 the price per pizza was $20 and that 19,791 were purchased.

For each of the following parts, assume that1982 is the base year.

Note:Please round your answers to two decimal places.

a)Determine the GDP Deflator for 1998.

GDP Deflator =

b)Determine the percentage growth of real GDP, rose (or fell) between 1982 and 1998.

Note: Enter only the magnitude of the growth rate (positive value).

Percentage Growth of Real GDP =

c)Calculate the real GDP for 1982.

Real GDP = $

d)Calculate the real GDP for 1998.

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