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    Exam 19: Introduction to Macroeconomics and Gross Domestic Product
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    Use an Equation to Explain How the Growth of Nominal
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Use an Equation to Explain How the Growth of Nominal

Question 172

Question 172

Essay

Use an equation to explain how the growth of nominal gross domestic product (GDP),the growth of real GDP,and the change in price level are related.Give an example.

Correct Answer:

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The growth of nominal GDP is approximate...

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