Posted: February 27th, 2017
calculate the percentage change from 2006 to 2007 in nominal GDP, real GDP, and price level. What is the value of the GDP deflator in 2007?
Adding to Table 11.1, if in 2007 the 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 price level. What is the value of the GDP deflator in 2007?
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