calculate growth rate of real gdpsuppose nominal
Calculate growth rate of Real GDP
Suppose nominal GDP in 2005 was $12 trillion and in 2006 it was $15 trillion. The general price index in 2005 was 100 and in 2006 it was 102. Between 2005 and 2006 real GDP rose by what percent?
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calculate growth rate of real gdpsuppose nominal gdp in 2005 was 12 trillion and in 2006 it was 15 trillion the general price index in 2005 was 100
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