A country produces only ice cream and cake in the quantities and prices listed below. Use 2011 as the base year. 6. Refer to Table 23-2. Calculate real and nominal GDP for the year 2012. 7. Refer to Table 23-2. Calculate real and nominal GDP for the year 2013. 8. Refer to Table 23-2. Calculate the GDP deflator for 2012 and 2013.

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A: Consider the following data on U.S GDP.

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A: As per the question Quantity of the final goods = 3500 Prices are = 2500 NOMINAL GDP = ?

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A:

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