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25-10-2022
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problem apples oranges quantities price quantities price 2002 4 $0.50 3 $1 2009 5 $1 4 $1.50 assume that 2002 is the base year for both real gdp and the cpi. - what is real gdp in 2009? - how much higher were prices faced by the average urban consumer in 2009 relative to 2002?

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