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Business, 18.02.2020 17:28 Amber423

YEAR 1996 YEAR 1997Types of goods OUTPUT PRICES OUTPUT PRICESBurgers 100 $5 150 $8Milk 150 $4 250 $5Shoes 10 $20 8 $30Calculate the Nominal GDP for the year 1997.Calculate Real GDP for the year 1997 using 1996 as the base year. Calculate GDP deflator for the year 1997 using 1996 as the base year.

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YEAR 1996 YEAR 1997Types of goods OUTPUT PRICES OUTPUT PRICESBurgers 100 $5 150 $8Milk 150 $4 250 $5...
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