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Suppose that nominal GDP was $9500000.00in 2005 inMidland County Texas. In 2015, nominal GDP was $11500000.00inMidland County Texas. The price level rose1.50% between 2005 and
Suppose that nominal GDP was $9500000.00in 2005 inMidland County Texas. In 2015, nominal GDP was $11500000.00inMidland County Texas. The price level rose1.50% between 2005 and 2015, and population growth was3.50%. Calculate the following figures forMidland County Texasbetween 2005 and 2015. Give all answers to two decimals.
a. Nominal GDP growth was%.
b. Economic growth was%.
d. Real GDP growth was%.
e. Per capita GDP growth was%.
f. Real per capita GDP growth was%.
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