How much growth occurred in the state of North Dakota between 1998 and 2014 if real...
How much growth occurred in the state of North Dakota between 1998 and 2014 if real GDP (measured in
millions of 2009 chained dollars) was $21,876 in 1998 and $48,233 in 2014?
Homework Answers
The growth = % change in real GDP between 1998 and 2014 = (48,233 - 21,876)/21,876 * 100 = 26,357/21,876 * 100 = 1.2048 * 100 = 120.48%
So, the real GDP increased by 120.48%
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How much growth occurred in the state of North Dakota between
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7 part 3 Consider the following data on US GDP The growth rate of nominal GDP...
7
part 3
Consider the following data on US GDP
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, and the growth rate of the GDP deflator between 1993 and 2013 was
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7
part 3
Consider the following data on US GDP
The growth rate of nominal GDP between 1993 and 2013 was ____
, and the growth rate of the GDP deflator between 1993 and 2013 was
____ .(Hint: The growth rate of a variable XX over an NN-year
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