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Suppose that between 2015 and 2016, nominal GDP grew by 5%. If the price level grew by 1.5% and population grew by 1%, real per
Suppose that between 2015 and 2016, nominal GDP grew by 5%. If the price level grew by 1.5% and population grew by 1%, real per capita GDP grew by %.If real per capita GDP continues to grow at this rate, it would double in years. Give your answer to the second decimal
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Macroeconomics Principles And Policy
Authors: William J. Baumol, Alan S. Blinder
11th Edition
0324586213, 978-0324586213
