Practice problems for calculation of real GDP, real income ...
Calculate the GDP deflator for 2002 and 2003 and also calculate the annual inflation rate in the GDP deflator. 4. You got a job in year 2000 with a salary of $25,000. In 2002, you receive a. $2000 increase in your salary. CPI in 2002 with base year in 2000 is 108. Calculate your real income in 2000 and 2002. Calculate the percentage change in ... ................
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