Suppose that nominal GDP was $9000000.00 in 2005 in Montgomery County Maryland. In 2015, nominal GDP was $11500000.00 in Montgomery County Maryland. The price level rose 2.00% between 2005 and 2015, and population growth was 3.50%. Calculate the following figures for Montgomery County Maryland between 2005 and 2015. Give all answers to two decimals.
Suppose that nominal GDP was $9000000.00 in 2005 in Montgomery County Maryland. In 2015, nominal GDP was $11500000.00 in Montgomery County Maryland. The price level rose 2.00% between 2005 and 2015, and population growth was 3.50%. Calculate the following figures for Montgomery County Maryland between 2005 and 2015. Give all answers to two decimals.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp
Section7.1: Gross Domestic Product
Problem 2ST
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Suppose that nominal GDP was $9000000.00 in 2005 in Montgomery County Maryland. In 2015, nominal GDP was $11500000.00 in Montgomery County Maryland. The price level rose 2.00% between 2005 and 2015, and population growth was 3.50%. Calculate the following figures for Montgomery County Maryland between 2005 and 2015. Give all answers to two decimals.
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