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What does the value of the gdp price index tell

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Reference no: EM131344802

The table above has real and nominal GDP for two years for a foreign country.

GDP

Data for 2010

Data for 2010

Nominal GDP

3,300

4,200

Real GDP 

3,300

3,600

a. What does the GDP price index equal in 2010? What does the value of the GDP price index tell you about 2010?

b. What does the GDP price index equal in 2011?

Reference no: EM131344802

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