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Business, 19.12.2021 23:40 cici86

Suppose that nominal GDP and real GDP in 2005 are, respectively, $225 billion and $160 billion. Suppose also that the nominal GDP and real GDP in 2010 are, respectively, $332 billion and $216 billion. Calculate the percentage change in the price level from 2005 to 2010.

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Suppose that nominal GDP and real GDP in 2005 are, respectively, $225 billion and $160 billion. Supp...
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