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If the GDP deflator is 400 and nominal GDP is $10,000 billion, then real GDP isSuppose that the natural rate of unemployment is 5.2 percent.
If the GDP deflator is 400 and nominal GDP is $10,000 billion, then real GDP isSuppose that the natural rate of unemployment is 5.2 percent. If unemployment has for some time been varying between 6.5 and 6.7 percent, we should be at an actual real GDP _______ the natural real GDP, and should expect inflation to be _________.A country reported nominal GDP of $220 billion in 2019 and $225 billion in 2018; it reported a GDP deflator of 129 in 2019 and 130 in 2018. Calculate the growth rate of real GDP over the period. Provide answer to 2 decimal points
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