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Business, 18.12.2020 08:50 Gabyngreen

If real GDP is 5,100 and nominal GDP is 4,900, then the GDP deflator is a 104.1 so prices are higher than in the base year.
b 104.1 so prices are lower than in the base year. c.96.1 so prices are higher than in the base year. d. 96.1 so prices are lower than in the base year.

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