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Gdp deflator price index increased

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Reference no: EM131699299

Assume that between 1995 and 2014 nominal GDP in Snowlavia increased from $40 billion to $100 billion, and the GDP deflator price index increased from 100 to 200.

Express GDP for 2014 in terms of 1995 prices? Please explain your answer.

Reference no: EM131699299

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