What was the percentage increase in production from 2012 to 2015, and by what percentage did the

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What was the percentage increase in production from 2012 to 2015, and by what percentage did the price level rise from 2012 to 2015?

The base year is 2012. Real GDP in 2012 was $15 trillion. The GDP price index in 2015 was 105, and real GDP in 2015 was $16 trillion.

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Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

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Question Posted: May 21, 2018 04:40 AM

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What was the percentage increase in production from 2012 to 2015, and by what percentage did the

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Foundations of Macroeconomics

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