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Assume a nation's nominal GDP is $1.5 trillion with an inflation rate of 5%. find its real GDP. PLEASE HELPPPPPP

Assume a nation's nominal GDP is $1.5 trillion with an inflation rate of 5%. find its real GDP. PLEASE HELPPPPPP
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assume a nation's nominal GDP is $1.5 trillion with an inflation rate of 5%. find its real GDP. PLEASE HELPPPPPP

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User Sheats
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1 Answer

6 votes

Formula is calculated by

GDP deflator =Nominal GDP/Real GDP ×(100/1)

assume a nation's nominal GDP is $1.5 trillion with an inflation rate of 5%. find-example-1
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User Bacs
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