Question: Real vs. Nominal (LO2, CFA2)Assume the inflation rate in 2019 is 2.4 percent. If nominal GDP grew 3.5 percent and nominal wages grew 2.8 percent,
Real vs. Nominal (LO2, CFA2) Assume the inflation rate in 2019 is 2.4 percent. If nominal GDP grew 3.5 percent and nominal wages grew 2.8 percent, what are the approximate real growth rates in GDP and wages?
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