Measure the nominal GDP, Alex wants to measure the nominal

Measure the nominal GDP

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Reference no: EM13986821

Alex wants to measure the nominal GDP of $993 billion in 2008 dollars. From the data he gathered, he knows the deflator for 1998 is 30 and for 2008, it is 74. What was real GDP in 1998?

Reference no: EM13986821

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