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lollie614 lollie614
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A year ago
Scenario: A country produces only one good. It produced 5,000 units of the good during Year 1 and 6,000 units of the good in Year 2. The price of each unit of the good in Year 1 was $280 and it was $320 in Year 2. Suppose Year 1 is taken as the base year for the calculation of GDP.


Refer to the scenario above. The GDP deflator for Year 2 is ________.

▸ 0.14

▸ 87.5

▸ 240

▸ 114.3
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Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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Nfernandez1991Nfernandez1991
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A year ago
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lollie614 Author
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A year ago
This calls for a celebration Person Raising Both Hands in Celebration
hpascoe
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Smart ... Thanks!
Ifekwunigwe
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this is exactly what I needed
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