1. How do the receipts and expenditures of a stateoperated lottery affect GDP? 2. Fill in the blanks in the following table: Nominal GDP Real GDP GDP Deflator (Billions of Year (in billions...

1. How do the receipts and expenditures of a stateoperated lottery affect GDP?

2. Fill in the blanks in the following table: Nominal GDP Real GDP GDP Deflator (Billions of Year (in billions) (2000 100) 2000 dollars) 1960 $526.4 21.0 a. _____ 1970 $1,038.5 27.5 b. _____ 1980 $2,789.5 c. _____ $5,165.7 1990 d. _____ 81.6 $7,112.5 1995 $7,397.7 e. _____ $8,032.2 2000 $9,817.0 100.0 f. _____ 2008 $14,265 122.4 g. _____




May 26, 2022
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