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11 July, 02:33

Suppose the country inflatistan had a nominal gdp of $48 billion in 2007 and a nominal gdp of $114 billion in 2013. if the price level was 100 in 2007 and 190 in 2013, what was the real gdp in 2013 (using 2007 dollars) ?

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  1. 11 July, 02:38
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    The answer is: $60.0 billion.
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