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11. Gross Domestic Product (GDP) and Consumer Price Index (CPI)

Nominal GDP and Real GDP

11. Gross Domestic Product (GDP) and Consumer Price Index (CPI)

Nominal GDP and Real GDP

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Nominal GDP and Real GDP

Nominal GDP and Real GDP

Inflation and the GDP Deflator

Inflation and the GDP Deflator

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Multiple Choice

The United States of Barbeque produces two goods:Hot Dogs and Hamburgers. Use the following information to calculate the GDP Deflator for 2012, assuming the base year is 2010.

Multiple Choice

Using the information above, calculate the inflation rate for 2012 in the United States of Barbeque.