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Year Nominal GDP Inflation rate Population (billions of current $) (millions) 2014 3754 2% 117 2015 3898 2% 120 2016 3919 1% 124 Using the

Year Nominal GDP Inflation rate Population

(billions of current $) (millions)

2014 3754 2% 117

2015 3898 2% 120

2016 3919 1% 124

Using the information in the table above, calculate economic growth for 2015.Give your answer to two decimal places.

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