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Table 15-4 the Table Below Reports Nominal and Real GDP for the for the U.S.from

Question 297

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Table 15-4
The table below reports nominal and real GDP for the U.S.from 1929 to 1932.
Table 15-4 The table below reports nominal and real GDP for the U.S.from 1929 to 1932. -Refer to Table 15-3.What was the growth rate of real GDP for 1930? A) -8.62%.Real GDP is a better gauge of economic well-being than nominal GDP. B) -8.62%.Nominal GDP is a better gauge of economic well-being than real GDP. C) -9.43%.Real GDP is a better gauge of economic well-being than nominal GDP. D) -9.43%.Nominal GDP is a better gauge of economic well-being than real GDP.
-Refer to Table 15-3.What was the growth rate of real GDP for 1930?


A) -8.62%.Real GDP is a better gauge of economic well-being than nominal GDP.
B) -8.62%.Nominal GDP is a better gauge of economic well-being than real GDP.
C) -9.43%.Real GDP is a better gauge of economic well-being than nominal GDP.
D) -9.43%.Nominal GDP is a better gauge of economic well-being than real GDP.

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