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Macroeconomics 15th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson
Edition 15ISBN: 9781305176799Macroeconomics 15th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson
Edition 15ISBN: 9781305176799 Exercise 8
If nominal GDP increased by 6 percent during a year, while the GDP defl ator increased by 4 percent, by how much did real GDP change during the year
Explanation
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If the nominal GDP increased by 6% then ...
Macroeconomics 15th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson
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