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Business, 07.12.2021 16:50 Blazingangelkl

A. Compute nominal GDP, real GDP and the GDP deflator for each year, using 2012 as the base year.
b. Compute the percentage change in nominal GDP, real
GDP and the GDP deflator in 2013 and 2014 from the preceding year. For each year, identify the variable that
does not change. Explain in words why your answer
makes sense.
c. Did economic well-being rise more in 2013 or 2014?
Explain

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Answers: 3

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A. Compute nominal GDP, real GDP and the GDP deflator for each year, using 2012 as the base year.<...
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