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2.Nominal GDP was $10,624 billion in year 1 and the GDP price index was 104. Nominal GDP

was $11,246 in year 2 and the GDP deflator that year was 106. What was real GDP in years 1 and 2, respectively?


3.Net exports is a negative number when:


4.Money spent on the purchase of a new house is included in the GDP as a part of:

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