Nominal gdp increased from roughly 103 trillion in 2001 to


Nominal GDP increased from roughly $10.3 trillion in 2001 to $14.4 trillion in 2008. In the same period prices rose on average by roughly 19.78 percent. By how much did real GDP increase?

Instructions: Round your answer to two decimal places.

%

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Business Economics: Nominal gdp increased from roughly 103 trillion in 2001 to
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