ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working
Considered a country with an nominal gross
domestic product GDP of $1.0 trillion in 2013 and $
1.1 trillion in 2018 in the same period the population
decreased by 2% and the price level increased by
4%. What is the economic gross rate for this
country?
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Transcribed Image Text:Considered a country with an nominal gross domestic product GDP of $1.0 trillion in 2013 and $ 1.1 trillion in 2018 in the same period the population decreased by 2% and the price level increased by 4%. What is the economic gross rate for this country?
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