Calculate growth rate of real gdp

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Reference no: EM1368730

Calculate growth rate of Real GDP

Suppose nominal GDP in 2005 was $12 trillion and in 2006 it was $15 trillion. The general price index in 2005 was 100 and in 2006 it was 102. Between 2005 and 2006 real GDP rose by what percent?

Reference no: EM1368730

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