What is the rate at which nominal gdp is growing
Problem
Suppose that real GDP is growing at a rate of 2 percent while the GDP deflator is growing at a rate of 3 percent Roughly, what is the rate at which nominal GDP is growing?
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Suppose that real GDP is growing at rate of 2 percent while GDP deflator is growing at rate of 3 percent Roughly, what is rate at which nominal GDP is growing?
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