The previous year had an inflation rate of 5.9%, nominal GDP of $22.8 trillion, and real GDP

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The previous year had an inflation rate of 5.9%, nominal GDP of $22.8 trillion, and real GDP of $21.5 trillion. If the inflation rate changes to 4.1% and output remains constatnt, what is the current year nomial GDP

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Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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Posted Date: May 11, 2024 05:56 AM

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The previous year had an inflation rate of 5.9%, nominal GDP of $22.8 trillion, and real GDP

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Macroeconomics

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