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Suppose that nominal GDP per person is $17,000 in 2002, the 1998 GDP deflator is 100, and the 2002 GDP deflator is 90. The approximate
Suppose that nominal GDP per person is $17,000 in 2002, the 1998 GDP deflator is 100, and the 2002
GDP deflator is 90. The approximate real GDP per person in 2002 is
A) $18,889.
B) $17,000.
C) $32,300.
D) $15,300.
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