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The Commerce Department revised its estimate of real GDP to $3.877 trillion, up from the earlier estimate of $3.835 trillion. Before adjusting for inflation, GDP was $4.603 trillion, up from $4.523 trillion.
What was the GDP deflator values used for these two calculations? Assume the GDP deflator equals 100 in the base year.
(Note: Please provide all formulas used to support your answer.)
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