Using 2006 as the base year, for 2007, a)the real GDP is $880 and the GDP deflator is 80. b)real GDP is $880 and the GDP deflator is 125. c)real GDP is $950 and the GDP deflator is 95. d)real GDP is $950 and the GDP deflator is 116.

Using 2006 as the base year, for 2007, a)the real GDP is $880 and the GDP deflator is 80. b)real GDP is $880 and the GDP deflator is 125. c)real GDP is $950 and the GDP deflator is 95. d)real GDP is $950 and the GDP deflator is 116.

Macroeconomics: Principles and Policy (MindTap Course List)

13th Edition

ISBN:9781305280601

Author:William J. Baumol, Alan S. Blinder

Publisher:William J. Baumol, Alan S. Blinder

Chapter6: How Statisticians Measure Inflation

Section6.A: How Statisticians Measure Inflation

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