In 2018, Apples revenue was $267 billion, and it grew to $378 billion in 2021. a. What

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In 2018, Apple’s revenue was $267 billion, and it grew to $378 billion in 2021.

a. What is the nominal growth rate of Apple’s revenue from 2018 to 2021?

b. What is the value of Apple’s 2021 revenue in 2018 dollars? (In 2018, the CPI was 251.1, and in 2021, it was 271.0.)

c. What is the real growth rate of Apple’s revenue from 2018 to 2021?

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Principles Of Economics

ISBN: 9781319330156,9781319419769

2nd Edition

Authors: Betsey Stevenson, Justin Wolfers

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Question Posted: Feb 20, 2024 01:01 AM

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In 2018, Apples revenue was $267 billion, and it grew to $378 billion in 2021. a. What

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a To calculate the nominal growth rate of Apples revenue from 2018 to 2021 we use the formula Nomina...View the full answer

Principles Of Economics

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