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Business, 02.08.2019 23:20 jaylynomalley

Below are nominal gdp and gdp deflators for four years. year nominal gdp in billions gdp deflator year 1 $22,000 100 year 2 22,560 103 year 3 23,495 105 year 4 24,280 106 a. calculate real gdp (rgdp) in the listed years year. instructions: round your responses to the nearest whole number. for year 3, rgdp is $ billion. for year 4, rgdp is $ billion. b. did the percentage change in nominal gdp exceed the percentage change in real gdp in any of the last three years listed? year 3: . c. in which year did society’s welfare increase the most?

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Below are nominal gdp and gdp deflators for four years. year nominal gdp in billions gdp deflator ye...
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