Solution-Current value of the index

Current value of the index

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Suppose that this year's nominal GDP is $1.6 trillion. To account for the effects of inflation, we construct a price-level index in which an index value of 100 represents the price level five years ago. Using that index, we find that this year's real GDP is $1.5 trillion. Given those numbers, we can conclude that the current value of the index is what?

Given those numbers, we can conclude that the current value of the index is

Reference no: EM131400681

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Current value of the index

Reference no: EM131400681

Reference no: EM131400681

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