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

Question 150

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For each of these scenarios, calculate the growth rate of nominal GDP.
(a) Inflation is 2.5%, and the growth rate of real GDP is 2.5%.
(b) Inflation is 4.5%, and the growth rate of real GDP is 3.5%.
(c) Inflation is 1%, and the growth rate of real GDP is -1%.

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