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Posted on Jun 13, 2024

If nominal GDP grows/increases at a rate of 2% and inflation rate is 0.5%, then real GDP increases at a rate of: A. 1.5% B.

If nominal GDP grows/increases at a rate of 2% and inflation rate is 0.5%, then real GDP increases at a rate of: A. 1.5% B. 2.5% C. 1% D. none of the above

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