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Table 4.26 -Refer to Table 4.26.Given the Information Above, Calculate the GDP

Question 42

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Table 4.26 Table 4.26 -Refer to Table 4.26.Given the information above, calculate the GDP deflator for both 2016 and 2017.What does the value of the deflator in the year 2016 tell you about that year with respect to the base year? What happened to prices in 2017 as compared to 2016?
-Refer to Table 4.26.Given the information above, calculate the GDP deflator for both 2016 and 2017.What does the value of the deflator in the year 2016 tell you about that year with respect to the base year? What happened to prices in 2017 as compared to 2016?

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