1.5. Calculate the annual growth rate of nominal GDP in the following examples: Nominal GDP in 1930:...

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1.5. Calculate the annual growth rate of nominal GDP in the following examples:

Nominal GDP in 1930: $97 billion. Nominal GDP in 1931: $84 billion.

Nominal GDP in 1931: $84 billion. Nominal GDP in 1932: $68 billion.

Nominal GDP in 2000: $9,744 billion.

Nominal GDP in 2001: $10,151 billion.

(Source: Historical Tables, Budget of the United States Government, Congressional Budget Office.)

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Modern Principles Macroeconomics

ISBN: 124428

2nd Edition

Authors: Tyler Cowen ,Alex Tabarrok

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Question Posted: Nov 16, 2024 12:00 AM

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1.5. Calculate the annual growth rate of nominal GDP in the following examples: Nominal GDP in 1930:...

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Modern Principles Macroeconomics

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