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Suppose for the year 2013 the economy of Uplandia has a nominal GDP of $5,500 billion and a real GDP of $3,300 billion. 1. For 2013, this economy's GDP deflator is _______. Now suppose the GDP

Suppose for the year 2013 the economy of Uplandia has a nominal GDP of $5,500 billion and a real GDP of $3,300 billion.

1. For 2013, this economy's GDP deflator is _______.

Now suppose the GDP deflator in 2012 was 154.7

2. Uplandia's year-over-year inflation rate is _____%

Jun 07 2021 View more View Less

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