In 2017, tuition costs $4,500 per term and you go to school for three terms (fall, spring
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Question:
a. What is nominal GDP (aggregate output) for 2018?
b. What is the adjusted-for-inflation product level for 2018? (i.e. Real GDP)
c. Calculate the implicit price (GDP) deflator for 2018.
Related Book For
Essentials of Federal Taxation 2018
ISBN: 9781260007640
9th edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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