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If the nominal GDP in 2011 is 260 million and 2012 300 million and the price level was 100 in 2011 and 105 in 2012 what would the real GDP be in 2012?...

Economics


Hi,  If the nominal GDP in 2011 is 260 million and 2012 300 million and the price level was 100 in 2011 and 105 in 2012 what would the real GDP be in 2012?  Would it be 15.40%

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In 2011: Real GDP = Nominal GDP 2011/Price level 2011 = 260/100 = 2.6 million In... View the full answer

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