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Measuring real GDP growth

If GDP increases in nominal terms from $600 billion in 1994 to $663 billion in 1996 and the price index (1992=100) rises from 120 to 130, how much real growth (in 1992 dollars) in GDP occurred between 1994 and 1996?

 

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M928871

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