How much is the economic growth rate between 2005 and 2006

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Suppose for an economy the nominal GDP for 2005 is $1,000 million, and the nominal GDP for 2006 is $1,281 million. The GDP chain price index for 2005 is 100, and the GDP chain price index for 2006 is 105. How much is the economic growth rate between 2005 and 2006 in terms of the percentage change in the real GDP?

Reference no: EM13245867

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