Adding to Table 11.1, if in 2007 real GDP was $13,206.4 billion and nominal GDP was $14,028.7

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Adding to Table 11.1, if in 2007 real GDP was $13,206.4 billion and nominal GDP was $14,028.7 billion, calculate the percentage change from 2006 to 2007 in nominal GDP, real GDP, and the price level. What is the value of the GDP deflator in 2007?

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Economics for Managers

ISBN: 978-0132773706

3rd edition

Authors: Paul G. Farnham

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Question Posted: Dec 15, 2015 06:42 AM

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Adding to Table 11.1, if in 2007 real GDP was $13,206.4 billion and nominal GDP was $14,028.7

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Calculations are shown in the following table Variable Ta...View the full answer

Economics for Managers

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