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QUESTION
Real and nominal GDP 2010 2011 2012 P Q P Q P Q good A $30 900 $31 1,000 $36 1,050 good B $100 192 $102 200 $100 205 Compute nominal GDP in each year....
Real and nominal GDP
2010 2011 2012
P Q P Q P Q
good A $30 900 $31 1,000 $36 1,050
good B $100 192 $102 200 $100 205
Compute nominal GDP in each year. Compute real GDP in each year using 2010 as the base year.
