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Which of these numbers is closest to the rate of change in the price level from 2018 to 2019 from the table below 2018 2019 Nominal $10,000 $12,000 GDP Real GDP $9,500 $10,500 - 7.9% 10% 8.6%

Which of these numbers is closest to the rate of change in the price level from 2018 to 2019 from the table below 2018 2019 Nominal $10,000 $12,000 GDP Real GDP $9,500 $10,500 - 7.9% 10% 8.6%

Microeconomic Theory
Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter17: Capital And Time
Section: Chapter Questions
Problem 17.7P
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Which of these numbers is closest to the rate of change in the price level from 2018 to 2019 from the table below 2018 2019 Nominal $10,000 $12,000 GDP Real $9,500 $10,500 GDP 7.9% - 10% 8.6% - 8.6% 7.9%
Transcribed Image Text:Which of these numbers is closest to the rate of change in the price level from 2018 to 2019 from the table below 2018 2019 Nominal $10,000 $12,000 GDP Real $9,500 $10,500 GDP 7.9% - 10% 8.6% - 8.6% 7.9%
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