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For Each of These Scenarios, Calculate the Growth Rate of Real

Question 109

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For each of these scenarios, calculate the growth rate of real GDP.
(a) Inflation is 3%, and the growth rate of nominal GDP is 5%.
(b) Inflation is 2.5%, and the growth rate of nominal GDP is 6.5%.
(c) Inflation is 2%, and the growth rate of nominal GDP is 1%.

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