Chapter5: Gross Domestic Product
Section: Chapter Questions
Problem 14SQ
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![The growth rate of nominal GDP in 2019 is
percent.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa189223a-ae85-44b4-9613-606f8ee11505%2F32a2b0b4-13dd-4458-8a96-aad84e656e2f%2F8webvqr.jpeg&w=3840&q=75)
Transcribed Image Text:The growth rate of nominal GDP in 2019 is
percent.
Expert Solution
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Step 1
Nominal GDP is the value of all goods and services in an economy at the current price.
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