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If real GDP in year 1 is $487 billion and it is $498 billion in year 2, what is the economic growth rate equal to?

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp

Section: Chapter Questions

Problem 10WNG

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If real GDP in year 1 is $487 billion and it is $498 billion in year 2, what is the economic growth rate equal to?

Definition Video Definition Overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period. Video

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