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Business, 19.10.2021 14:00 ms0579930

Part 1(1 pt) Suppose that between 2015 and 2016, nominal GDP grew by 5%. If the price level grew by 1.5% and population grew by 1%, real per capita GDP grew by %. Part 2(1 pt) If real per capita GDP continues to grow at this rate, it would double in years. Give your answer to the second decimal.

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Part 1(1 pt) Suppose that between 2015 and 2016, nominal GDP grew by 5%. If the price level grew by...
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