In 1988 the us gross domestic product gdp increased to 490, Ask an Expert

Economics

In 1988 the US gross domestic product (GDP) increased to $4.90 trillion at year end, from the 1987 year end level of 4.54 trillion in actual escalated dollar values. In the same year, the consumer price index rose approximately 4%. What was the constant (real) dollar percent increase in GDP?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91237591

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