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Business, 25.10.2019 00:43 nacmp890

Part b. inflation and real gdp (two points) 3. in a hypothetical economy, the gdp deflator has the following values. year gdp deflator 2005 100 2018 116 2019 120 a. what is the annual inflation rate in 2019? show your computation. [hint: round your answer to two decimal places.] b. nominal gdp in 2019 is $420 billion. what is real gdp (billions of 2005 dollars) in 2019? show your computation. [hint 1: think level, not percentage change.] [hint 2: this question refers to an earlier part of the course.]

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Part b. inflation and real gdp (two points) 3. in a hypothetical economy, the gdp deflator has the f...
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