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2012 2013 Nominal GDP $10 000 $12 000 Real GDP $9500 $10 500 Refer to Table 12.2. Calculate the rate of increase in the price
2012 2013 Nominal GDP $10 000 $12 000 Real GDP $9500 $10 500 Refer to Table 12.2. Calculate the rate of increase in the price level from 2012 to 2013. Question 8 options: 7.9 per cent 8.6 per cent -7.9 per cent -8.6 per cent
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Modern Principles of Economics
Authors: Tyler Cowen, Alex Tabarrok
3rd edition
1429278390, 978-1429278416, 1429278412, 978-1429278393
