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The table below contains prices and output for a two-good economy. Nominal and real GDP in 2013 are both $58,250. Use the information in the
The table below contains prices and output for a two-good economy. Nominal and real GDP in 2013 are both $58,250. Use the information in the table to answer the question below. 1. What is real GDP in 2014? Use 2013 as the base year
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