Calculate the inflation rate using the gdp deflator, Macroeconomics

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Calculate the inflation rate using the gdp deflator

Problem

Inflation in the orange and boomerang economy: Consider the economy from exercise 4. Calculate the inflation rate for the 2016-2017 period using the GDP deflator based on the Laspeyres, Paasche, and chain-weighted indexes of GDP.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: Calculate the inflation rate using the gdp deflator

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