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Stickers Price Quantity Price Quantity Year Dollars per sticker Number of stickers Dollars per donut...

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Basic Math

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Stickers Price Quantity Price Quantity Year Dollars per sticker Number of stickers Dollars per donut Number of donuts 2019 3 260 2 160 2020 4 120 220 2021 155 140 Use the information from the preceding table to fill in the following table Nominal GDP Real GDP Dollars Base year 2019 dollars GDP Deflator Year 2019 2020 2021 From 2020 to 2021 nominal GDP The inflation rate in 2021 was decreased and real GDP 2 Donuts 2 increased Why is real GDP a more accurate measure or an economy s production than nominal GDP O Real GDP is not influenced by price changes but nominal GDP is

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