EBK ECONOMICS
EBK ECONOMICS
13th Edition
ISBN: 8220106799642
Author: PARKIN
Publisher: PEARSON
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Chapter 23, Problem 6SPA
To determine

Explain whether the 2019 standard of living will increase or not

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If the GDP deflator in 2019 equals 1.1 and nominal GDP in 2019 equals $21.5 trillion, what is the value of real GDP in 2019?
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