Question: Look back at Table 8-3 on page 176, which explains how to calculate real GDP in terms of 2005 constant dollars. Change the base year

Look back at Table 8-3 on page 176, which explains how to calculate real GDP in terms of 2005 constant dollars. Change the base year to 2001. Recalculate the price index, and then recalculate real GDP-that is, express column 4 of Table 8-3 in terms of 2001 dollars instead of 2005 dollars.

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