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  3. Study Set
    Macroeconomics Study Set 24
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    Exam 7: Macroeconomic Measurements, part II: GDP and Real GDP
  5. Question
    If Real GDP Was $8,742 Billion in Year 2 and It
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If Real GDP Was $8,742 Billion in Year 2 and It

Question 23

Question 23

Multiple Choice

If Real GDP was $8,742 billion in year 2 and it had been $8,509 billion in year 1,what was the approximate economic growth rate during this time period?


A) 9.73 percent
B) 2.67 percent
C) 3.58 percent
D) 2.74 percent

Correct Answer:

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