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The table below contains data for a country. The base year is 2016.YearNominal GDPGDP ...

katerooshkie

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The table below contains data for a country. The base year is 2016.YearNominal GDPGDP ...

The table below contains data for a country. The base year is 2016.

Year	Nominal GDP	GDP Deflator
2016	$2,500	100
2017	$3,600	121
2018	$3,575	118
2019	$4,100	128

Refer to the above table. Which of the following is not correct?

▸ This economy experienced growth from 2018 to 2019.

▸ This economy experienced growth from 2017 to 2018.

▸ This economy experienced inflation in every year.

▸ This economy experienced growth from 2016 to 2017.

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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crusherpsg

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More solutions for this book are available here

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katerooshkie Author

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Thanks

jakechambo3

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Good timing, thanks!

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I appreciate what you did here, answered it right Smiling Face with Open Mouth

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