Use the following table to answer the questions. Year ___________________ Real GDP (billions of 2009 dollars) 1990

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Use the following table to answer the questions.

Year ___________________ Real GDP (billions of 2009 dollars)

1990 ..............................................$8,955

1991 ..............................................8,948

1992 ..............................................9,267

1993 ..............................................9,521

1994 ..............................................9,905

a. Calculate the growth rate of real GDP for each year from 1991 to 1994.

b. Calculate the average annual growth rate of real GDP for the period from 1991 to 1994.

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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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Question Posted: Nov 01, 2017 07:39 AM

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Use the following table to answer the questions. Year ___________________ Real GDP (billions of 2009 dollars) 1990

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a Growth rate for 1991 Growth ...View the full answer

Economics

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