Suppose that the GDP price index is 95.5 and real GDP is $12,853 billion. What is...
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Suppose that the GDP price index is 95.5 and real GDP is $12,853 billion. What is the value of nominal GDP? The value of nominal GDP is S billion. Suppose that the GDP price index is 95.5 and real GDP is $12,853 billion. What is the value of nominal GDP? The value of nominal GDP is S billion.
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