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20 godz. temu · Study with Quizlet and memorize flashcards containing terms like Suppose an economy produces only cheese and fish. In 2010, 20 units of cheese are sold at $5 each and 8 units of fish are sold at $50 each. In 2009, the base year, the price of cheese was $10 per unit and the price of fish was $75 per unit. For 2010, A. nominal GDP is $500, real GDP is $800, and the GDP deflator is 62.5.
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