The GDP deflator was 30 and real interest was 6.23% in 1990. And the nominal GDP in
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Question:
The GDP deflator was 30 and real interest was 6.23% in 1990. And the nominal GDP in the same year was $993. While in 2010, the GDP deflator was 74 and real interest rate was 3.21%. What would be the value of the nominal 1990 GDP in the 2010 dollars?
Group of answer choices
A. $512
B. $2,449
C. $402
D. $1,927
Expert Answer:
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