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Suppose that nominal GDP was $9750000.00in 2005 in Midland County Texas. In 2015, nominal GDP was $12000000.00in Midland County Texas. The price level rose 2.00%
Suppose that nominal GDP was $9750000.00in 2005 in Midland County Texas. In 2015, nominal GDP was $12000000.00in Midland County Texas. The price level rose 2.00% between 2005 and 2015, and population growth was 4.00%. Calculate the following figures for Midland County Texasbetween 2005 and 2015. Give all answers to two decimals.
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