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Which of the following set-ups will allow you to calculate the cost of fruit in dollars per gram, if the price is given as 0.79 dollars per pound?
GDP Deflator
A price index that measures the change in the price level of all new, domestically produced, final goods and services in an economy.
Real GDP
Gross Domestic Product adjusted for inflation, which represents the value of all goods and services produced over a specific time period within a country.
Percentage Change
A mathematical calculation that shows how much a quantity has increased or decreased in comparison to its previous value, expressed as a percentage.
Real GDP
measures the value of all final goods and services produced within a country's borders in a given time period, adjusted for inflation.
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