Macroeconomics

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Given the following information, convert the figure for nominal GDP (nGDP) in 2014 to its real GDP (rGDP) value in 2006 dollars.

GDP2014 = $1.4 trillion CPI2014 = 110

GDP2006 = $1.0 trillion CPI2006 = 100

  • Macroeconomics -

    1.3 trillion

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