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Year 2016 2017 2018 2019 Cow P $300 $350 $370 $380 Q 1000 1050 1100 1200 Bicycle P $120 $130 $140 $150 Q 1200 1300 1500 1600 1. Calculate nominal GDP for each year 2. Calculate real GDP for each year 3.
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3 votes
Year

2016
2017
2018
2019
Cow
P
$300
$350
$370
$380
Q
1000
1050
1100
1200
Bicycle
P
$120
$130
$140
$150
Q
1200
1300
1500
1600

1. Calculate nominal GDP for each year
2. Calculate real GDP for each year
3. Calculate GDP deflator and inflation rate

User Tim Friske
by
6.2k points

1 Answer

2 votes

Consumer sentiment suddenly crashes below early-pandemic levels in the US #accelerationism

User Josh Cole
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