Suppose Country A has its nominal GDP growth at 6% from the year of 2015 to 2016,
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Question:
Suppose Country A has its nominal GDP growth at 6% from the year of 2015 to 2016, and its inflation rate in 2016 is 2%. What is its real GDP growth from 2015 to 2016?
Group of answer choices
a. 12%
b. 8%
c. 4%
d. 3%
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