In 2014, Apples revenue was $183 billion, and it grew to $267 billion in 2018. a. What

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In 2014, Apple’s revenue was $183 billion, and it grew to $267 billion in 2018.

a. What is the nominal growth rate of Apple’s revenue from 2014 to 2018?

b. What is the value of Apple’s 2018 revenue in 2014 dollars? (In 2014, the CPI was 236.7, and in 2018, it was 251.1.)

c. What is the real growth rate of Apple’s revenue from 2014 to 2018?

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Principles Of Economics

ISBN: 9781429237864

1st Edition

Authors: Betsey Stevenson, Justin Wolfers

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Question Posted: Mar 08, 2024 03:00 AM

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In 2014, Apples revenue was $183 billion, and it grew to $267 billion in 2018. a. What

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a To calculate the nominal growth rate of Apples revenue from 2014 to 2018 we use the formula Nomina...View the full answer

Principles Of Economics

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