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Calculate long-run economic growth

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Reference no: EM132023829

Assume you have collected the following data for the economy of Sunny Dayz. Use this data to calculate long-run economic growth for the economy.

Nominal GDP in 2010 was $450,725 and Nominal GDP in 2018 was $680,500. Price level grew by 4.6% between 2010 and 2018 and the population grew by 8.4%.

Reference no: EM132023829

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