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Answer to Question #40605 in Macroeconomics for Sajid Ali
Question #40605
For the given data calculate the nominal and real economic growth rate for the given years .Also calculate the gdp deflator for the given data. (Assume 1997 as base year.)
year apples computers pizza
price quantity price quantity price quantity
1997 $0.45 475 $1100 70 $7 380
1998 $0.48 510 $1050 85 $8 390
1999 $0.50 500 $1000 100 $9 400
year apples computers pizza
price quantity price quantity price quantity
1997 $0.45 475 $1100 70 $7 380
1998 $0.48 510 $1050 85 $8 390
1999 $0.50 500 $1000 100 $9 400
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