2. Real GDP (LO2, CFA2) If nominal GDP grew by 5 percent and inflation was 3 percent,...
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2. Real GDP (LO2, CFA2) If nominal GDP grew by 5 percent and inflation was 3 percent, the closest approximation of real GDP is:
a. 15 percent.
b. 8 percent.
c. 5 percent.
d. 2 percent.
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Related Book For 
Fundamentals Of Investments Valuation And Management
ISBN: 9781260013979
9th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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