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nurse15 nurse15
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A year ago
An economy in 2020 produces 100 apples and 100 oranges. Prices in 2020 were $5/apple and $5/orange. The GDP deflator for a particular base year is 125. Which of the following are possible prices for apples and oranges in the base year?

▸ $3/apple and $7/orange

▸ $5/apple and $3/orange

▸ $6/apple and $4/orange

▸ $1/apple and $5/.orange
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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enzeeenzee
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A year ago
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nurse15 Author
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A year ago
Brilliant ツ
ediblefruitz
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Yesterday
Helped a lot
djeghri
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2 hours ago
Thanks for your help!!
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