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Suppose That Real GDP for 2012 Was $10 000 Billion

Question 171

Multiple Choice

Suppose that real GDP for 2012 was $10 000 billion and real GDP for 2013 was $11 000 billion.What is the rate of growth of real GDP?

A) 10 per cent
B) 1 per cent
C) 5 per cent
D) 2 per cent

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