nominal GDP ear, calculate next year's nominal GDP, price level, and real GDP increases by 2...

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nominal GDP ear, calculate next years nominal GDP, price level, and real GDP increases by 2 percent and the price level goes up by 4 percent next Nominal GDP (in Millions) $ Price Level Real GDP (in Millions) 1.200.0 This year Next year 100 $ 1,200.0

ture $12,753 2, 085 invento 3, 035 Proprietors incone 2, 910 What share of U.S. total income in 2016 consisted of SAMSUNG

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Answer 1

Answer #1

Nominal GDP 1200*0.02=1224

Price 100*0.04= 104

Real GDP =Nominal/price=1224/104*100=11.76*100=1176

Proprietor income =1418/18566*100=7.63%

Interst =485/1856*100=2.61%

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Answer 2

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