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What is real gdp for benjiland in 2011

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Question

Benjiland has a nominal GDP of 128 million in 2011 and 142 million in 2012. The price level in 2011 was 100 and in 2012 rose to 106.

a) What is real GDP for Benjiland in 2011?

b) Calculate real GDP for Benjiland in 2012.

c) Calculate the annual economic growth rate for Benjiland in 2012.

Reference no: EM132379079

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