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Fill in the Blanks of the Following Table and Answer

question 2

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Fill in the blanks of the following table and answer the following questions.
Year Real GDP  Nominal GDPGDP Deflator 20058,144.8101.920068,759.9103.120078,848.29,256.1\begin{array}{l}\begin{array} {llll } \text {Year }&\text {Real GDP }&\text { Nominal GDP}&\text {GDP Deflator }\\\hline2005&8,144.8&----&101.9\\2006&----&8,759.9&103.1\\2007&8,848.2&9,256.1&----\\\end{array}\end{array} (a)Does the table indicate there is inflation?

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Definitions:

Subordinates

Individuals or groups who are lower in rank, position, or authority within a hierarchy.

Direction

Can refer to guidance or supervision towards achieving a goal or to the specific path that something or someone moves or is aimed toward.

Bureaucracy

A system of administration characterized by strict policies, procedures, and hierarchy, typically within governments or large organizations.

Salaried Staff

Employees who are paid a fixed amount by their employers, regardless of the hours worked, typically on an annual basis.

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