Fran paid the following amounts of interest during 2017:
Calculate the amount of Fran's interest deduction for 2017.
Definitions:
Real GDP
The measure of the value of economic output adjusted for price changes (inflation or deflation).
GDP Deflator
An economic metric that converts the money-value measure of GDP from current prices to constant prices, enabling comparison of economic productivity and real growth over specific periods.
GDP Deflator
An economic metric that converts the money-value measure of GDP to an index for quantity comparison.
Nominal GDP
The total economic value of all finished products and services generated inside a country over a year, evaluated at present market prices.
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