The following table gives nominal and real GDP for an economy for two years Nominal GDP Real GDP Based on the table in Year 2

Question

The following table gives nominal and real GDP for an economy for two years Nominal GDP Real GDP Based on the table in Year 2 the value of the GDP deflator is Year 1 1210 0 1 100 Year 2 1540 0 1320 0 Round your answer to one decimal place

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