If the base year is 2018, compare the growth rates of nominal GDP and real GDP in
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If the base year is 2018, compare the growth rates of nominal GDP and real GDP in 2019.
In 2018 | |||
Item | Quantity | Price | |
Apples | 93 boxes | $7 abox | |
Pears | 50 boxes | $12 abox | |
In 2019 | |||
Item | Quantity | Price | |
Apples | 109 boxes | $14 abox | |
Pears | 67 boxes | $7 abox | |
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The growth rate of nominal GDP in 2019 would be calculated by taking ...View the full answer
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