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Assume the following. In 2008, the U.S. had real GDP of $16.7 trillion and the CPI was at 90.74. At the end of 2018, real
Assume the following. In 2008, the U.S. had real GDP of $16.7 trillion and the CPI was at 90.74. At the end of 2018, real GDP in the U.S. was $20.6 trillion and the CPI was at 104.52. Calculate the compounded (i.e., geometric) growth rate for this 10-year period. (Use Excel to answer this question. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Real GDP Annualized Growth CPI Annualized
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