Essay
Between 1929 and 1933, NNP measured in current prices fell from $96 billion to $48 billion. Over the same period, the relevant price index fell from 100 to 75.
a.What was the percentage decline in nominal NNP from 1929 to1933?
b.What was the percentage decline in real NNP from 1929 to 1933? Show your work.
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NNP measured in current prices is nom...View Answer
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Correct Answer:
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NNP measured in current prices is nom...
View Answer
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