Hugs Doges Year Price Quantity Price Quantity 1990 $13 $500 $1000 10 3 2020 $13 75 2 What was the GDP in 1990? 20. (continued) What was the per year nominal GDP growth rate between 1990 and 2020? (Give your answer as a decimal.)

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter19: The Macroeconomic Perspective
Section: Chapter Questions
Problem 8SCQ: Is it possible for GDP to rise while at the same time per capita GDP is falling? Is it possible for...
Question
Answer 20 only
Hugs
Doges
Year
Price
Quantity
Price
Quantity
1990
$13
$13
$500
$1000
10
3
2020
75
2
What was the GDP in 1990?
20. (continued) What was the per year nominal GDP growth rate between 1990 and 2020? (Give your
answer as a decimal.)
Transcribed Image Text:Hugs Doges Year Price Quantity Price Quantity 1990 $13 $13 $500 $1000 10 3 2020 75 2 What was the GDP in 1990? 20. (continued) What was the per year nominal GDP growth rate between 1990 and 2020? (Give your answer as a decimal.)
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