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Real vs Nominal GDP: Why It Matters

Guided Notes (Teacher Key)

$6.0 trillion at a deflator of 55 equals $10.9 trillion real in 1990, up through $28.0 trillion at 130 equals $21.5 trillion real in 2026, each worked step by step. The FRED series names, GDP for nominal and GDPC1 for real, and the full deflator formula come answered for direct use.

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