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A Country Reported Nominal GDP of $200 Billion in 2015

question 82

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A country reported nominal GDP of $200 billion in 2015 and $180 billion in 2014 and reported a GDP deflator of 125 in 2015 and 105 in 2014.What happened to real output and prices from 2014 to 2015?


Definitions:

Hand-Threading Die

A tool used to manually cut external screw threads on rods or pipes, allowing for custom thread creation or repair.

External Threads

The spiral ridges on the outside of a fastener or pipe used for assembling or joining components.

Thread Chaser

A thread chaser is a tool used to clean and repair damaged threads on bolts or in holes, restoring them to their original condition without cutting new threads.

Needlenose Pliers

A type of pliers characterized by long, thin jaws which are used for bending, repositioning, or cutting in tight spaces.

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