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During a presidential campaign, the incumbent argues that he should be reelected because nominal GDP grew by 12 percent during his 4-year term in office. You know that population grew by 4 percent over the period and that the GDP deflator increased by 6 percent during the past 4 years. You should conclude that real GDP per person

  • grew by 2%
  • grew by 6%
  • grew by 8%
  • grew by 12%

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M92170683
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