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Suppose the country inflatistan had a nominal gdp of $48 billion in 2007 and a nominal gdp of $114 billion in 2013. if the price level was 100 in 2007 and 190 in 2013, what was the real gdp in 2013 (using
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Mar 11, 2018
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Suppose the country inflatistan had a nominal gdp of $48 billion in 2007 and a nominal gdp of $114 billion in 2013. if the price level was 100 in 2007 and 190 in 2013, what was the real gdp in 2013 (using 2007 dollars)?
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The answer is:
$60.0 billion.
Waleed Almadanat
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Mar 16, 2018
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Waleed Almadanat
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