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If real GDP grew at an annual rate of 2 percent and nominal GDP grew at an annual rate of 5 percent, then the annualized
If real GDP grew at an annual rate of 2 percent and nominal GDP grew at an annual rate of 5 percent, then the annualized growth of the GDP deflator likely was: (a) indeterminant with this information; (b) 7 percent; (c) 3 percent; (d) 10 percent.
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