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Suppose that in 2020 the nominal GDP in Imagineland was $420 billion and the GDP deflator was 1.20. If real GDP increased by 6% between
Suppose that in 2020 the nominal GDP in Imagineland was $420 billion and the GDP deflator was 1.20. If real GDP increased by 6% between 2020 and 2021, how much was real GDP in 2021 in Imagineland? Select one: a. $336 billion b. $348 billion c. $357 billion d. $371 billion e. $382 billion
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Macroeconomics Canada in the Global Environment
Authors: Michael Parkin, Robin Bade
8th edition
321778103, 978-0321808370, 321808371, 978-0321778109
