brydenwright4751 brydenwright4751

10-01-2024
Social Studies

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Calculate the real GDP in 1987 using 1988 as the base year if the nominal GDP in 1987 was $350 billion and the GDP deflator in 1988 was 1.25.
a) $280 billion
b) $400 billion
c) $437.5 billion
d) $437.50 billion

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