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simmiie259 simmiie259
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The GDP Deflator


YearNominal GDPReal GDP
   1$16,150$15,731
   216,54216,022
   316,82816,396
   417,61216,908
Refer to the table. Consider the data in the table on nominal GDP and real GDP (values are in billions of dollars). The GDP deflator for Year 2 equals ________. (Round to the nearest tenth.)

▸ 1

▸ 103.2

▸ 97.4

▸ 76.5
Textbook 

Macroeconomics


Edition: 3rd
Authors:
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chanelfargesenchanelfargesen
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103.2

The GDP deflator for Year 2 is calculated as: (nominal GDP in year 2 / real GDP in year 2) x 100.
1

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