Business, 03.07.2020 20:01 Rawr5801

Real versus nominal values and correcting for inflation Consider the following hypothetical economy with the following economic data. Year Nominal GDP (Dollars) GDP Deflator (Dollars)
2010 $315 100
2011 $1,040 320
2012 $1,100 400

Use the information from the table to fill in the following table.

Year Real GDP
2008
2009
2010

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Real versus nominal values and correcting for inflation Consider the following hypothetical economy...