Please i really need help
Year Nominal GDP. Deflator
2015 $20 trillion. 120
2016 $18 tri...
Advanced Placement (AP), 15.09.2021 17:10 malikxyo224
Please i really need help
Year Nominal GDP. Deflator
2015 $20 trillion. 120
2016 $18 trillion. 125
If the real GDP in 2017 was $15 trillion, and its prices represented a 40% increase from the base year, what must the nominal GDP have been? Show your work.
Answers: 3
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