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Nominal Gross Domestic Product (GDP)increased from $15

Question 53

Multiple Choice

Nominal gross domestic product (GDP) increased from $15.62 trillion to $16.09 trillion,and the price level increased from 120.0 to 122.4.Rounding to the nearest second decimal,the growth rate of real GDP was approximately


A) 2.92 percent.
B) 3.01 percent.
C) 1.87 percent.
D) 1.00 percent.
E) 2.00 percent.

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