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Account for the effects of inflation

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Suppose that this year's nominal GDP is $1.6 trillion. To account for the effects of inflation, we construct a price-level index in which an index value of 100 represents the price level five years ago. Using that index, we find that this year's real GDP is $1.5 trillion. Given those numbers, we can conclude that the current value of the index is what ?

Given those numbers, we can conclude that the current value of the index is

Reference no: EM131398596

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