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Survey of Economics-Quiz 2

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Q 1.What is the value of nominal GDP in year 1? 2.What is the value of nominal GDP in year 2?3.What is the value of nominal GDP in year 3? 4.Using Year 1 as the base year, what is value of real GDP in year 2? 5.What is the GDP deflator in Year 2?

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1.5500000 2.10750000 3.14590000 4.6250000 5.172