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chief333 chief333
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A year ago
The table below contains data for a country. The base year is 2016.

YearNominal GDPGDP Deflator
2016$2,500100
2017$3,600121
2018$3,575118
2019$4,100128

Refer to the above table. From 2017 to 2018, inflation is ________ and output ________.

▸ 3.5 percent; did not grow

▸ 3.4 percent; grew

▸ 2.5 percent; grew

▸ 18 percent; grew
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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timmcgraw1994timmcgraw1994
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A year ago
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chief333 Author
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A year ago
This helped my grade so much Perfect
54321abs
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Yesterday
Good timing, thanks!
vernonb
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2 hours ago
this is exactly what I needed
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