Question
8. A news reporter claims that inflation was 7 percent and real GDP grew by 5.9 percent in the last year. What is the approximate
8. A news reporter claims that inflation was 7 percent and real GDP grew by 5.9 percent in the last year. What is the approximate rate of growth of nominal GDP? a. -1% b. 13% c. 1% d. 2.5% e. there is not enough information
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Managerial Economics and Organizational Architecture
Authors: James Brickley, Jerold Zimmerman, Clifford W. Smith Jr
5th edition
73375829, 978-0073375823
