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What is the real gdp

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Reference no: EM131114855

Suppose you are given the following data:

Nominal GDP for 2013

$700,000

GDP Deflator for 2013

120

What is the real GDP for 2013?

1. Less than $400,000

2. Between $400,000 and $550,000

3. Between $550,000 and $700,000

4. Between $700,000 and $850,000

5. Greater than $850,000

Reference no: EM131114855

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