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Calculate Economic Growth using the information below. Year 2008 2009 Nominal GDP $1 trillion $1.21 trillion Price Level Index 100 110 Population 40 million 42.3
Calculate Economic Growth using the information below. Year 2008 2009 Nominal GDP $1 trillion $1.21 trillion Price Level Index 100 110 Population 40 million 42.3 million The real GDP in 2008 was _______. The real GDP in 2009 was _______. The real GDP per person in 2008 was ________. The real GDP per person in 2009 was ________. Economic Growth in 2009 was _________
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