Explain what was the percent growth in real gdp, Macroeconomics

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Explain what was the percent growth in real gdp

1. Assume the nominal GDP rose from 6250 billion in the1995 to 6630 billion in 1996. If GDP deflator rose from 125 to 130 during this time, explain what was the percent growth in real GDP?

2. Given the data in part (1), determine what was the rate of inflation for services and goods produced in United States economy?

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Macroeconomics: Explain what was the percent growth in real gdp

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Macroeconomics: Explain what was the percent growth in real gdp

Reference No:- TGS0872742

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Macroeconomics: Explain what was the percent growth in real gdp

Reference No:- TGS0872742

Recent Questions Asked Macroeconomics

Q : Probabilities for average length of life

Q : Evaluate the role of credit rationing

Q : Confidence interval for the population mean

Q : Calculate the equivalent uniform annual cost

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Q : Subjects in the control group and the subjects

Q : Explain the back outstanding treasury securities

Q : Who are the losers and winners from using corn

Q : Discuss how much will your firms total revenues change

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