If real GDP increases by 1 percent next year and the price level goes up by 3

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If real GDP increases by 1 percent next year and the price level goes up by 3 percent, by how much will nominal GDP increase?

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The Macro Economy Today

ISBN: 978-1259291821

14th edition

Authors: Bradley R. Schiller, Karen Gebhardt

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Question Posted: May 03, 2018 08:14 AM

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If real GDP increases by 1 percent next year and the price level goes up by 3

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Nominal GDP will increase by 4 percent Feedback Nominal GDP is ...View the full answer

The Macro Economy Today

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