Assume last year s real GDP was $7,000 billion, this year s nominal GDP is $8,820 billion, and the GDP deflator for this year is 120. What was the growth rate of real GDP?
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Sunday, 2 August 2015
Assume last year s real GDP was $7,000 billion, this year s nominal GDP is $8,820 billion, and the GDP deflator for this year is 120. What was the growth rate of real GDP?
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