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Homework answers / question archive / The table below shows population size, nominal GDP, and the GDP deflator for the tiny country Baltonia

The table below shows population size, nominal GDP, and the GDP deflator for the tiny country Baltonia

Economics

The table below shows population size, nominal GDP, and the GDP deflator for the tiny country Baltonia. Note that nominal GDP is in million Baltonian dollars. Year Nominal GDP (in GDP- Population millions) deflator 2010 11230 234 95 2011 11455 246 97 2012 11684 263 100 2013 119171 284 104 2014 12156 300 106 2015 12399 329 108 2016 12647 345 111 2017 12900 359 113 2P. Refer to the previous table. What is the real GDP in 2014 using 2012 as the base year? Select one alternative: 271 milion Baltonian dollars 279 millon Baltonian dollars 283 million Baltonian dollars 290 million Baltonian dollars > 2P Refer to the previous table. What is the real GDP per capita in 2014 using 2012 as the base year? 

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