Calculate real and nominal gdp values for the year
Based on the following information, answer the question below.
Year Average Price Quantity1995 100 2502005 125 400
Calculate the real and nominal GDP values for the year 2005. Use 1995 as the base year.
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Based on the following information, answer the question below. Calculate the real and nominal GDP values for the year 2005. Use 1995 as the base year.
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