The GDP price index in the United States in 2014 was about 104, and real GDP in

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The GDP price index in the United States in 2014 was about 104, and real GDP in 2014 was $16.2 trillion (2012 dollars). The GDP price index in 2019 was about 112, and real GDP in 2019 was $19 trillion (2012 dollars).

What was the percentage increase in production between 2014 and 2019, and by what percentage did the price level rise between 2014 and 2019?

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Foundations Of Economics

ISBN: 9780135897478

9th Edition

Authors: Robin Bade, Michael Parkin

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Question Posted: Jan 06, 2023 05:26 AM

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The GDP price index in the United States in 2014 was about 104, and real GDP in

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Foundations Of Economics

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