The country of fishland had a nominal gdp of 1000 in 2003


The country of fishland had a nominal GDP of $1000 in 2003 and $1500 in 2004. The GDP price index was 100 in 2003 and 150 in 2004. Calculate the increase in real GDP in fishland between 2003 and 2004.

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Macroeconomics: The country of fishland had a nominal gdp of 1000 in 2003
Reference No:- TGS01661627

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