Assume that between 1995 and 2014 nominal gdp in snowlavia
Assume that between 1995 and 2014 nominal GDP in Snowlavia increased from $40 billion to $100 billion, and the GDP deflator price index increased from 100 to 200.
Express GDP for 2014 in terms of 1995 prices? Please explain your answer.
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assume that between 1995 and 2014 nominal gdp in snowlavia increased from 40 billion to 100 billion and the gdp
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