Suppose in 2007, nominal GDP in Clarendon was $12,840 billion and real GDP was $10,560 billion. Calculate the value of the implicit price deflator. Follow the convention of multiplying price indexes by 100.
A. 21.59
B. 82.24
C. 121.59
D. 177.57
Ans: C. 121.59
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a. quality. b. style. c. price. d. packaging. e. guarantees.
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