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Nominal GDP in a Country Was $8759

question 69

Essay

Nominal GDP in a country was $8759.9 billion in 2014 and $9254.6 billion in 2015.The GDP deflator was 102.86 for 2014 and 104.37 for 2015.
(a)What is the growth rate of nominal GDP between 2014 and 2015?
(b)What is the inflation rate from 2014 to 2015?
(c)What is the growth rate of real GDP from 2014 to 2015?


Definitions:

Visual Illusions

Perceptual anomalies where the observed images differ from objective reality, often highlighting the complex nature of human perception.

Intensive Care Unit

A specialized hospital department providing critical care and life support for severely ill patients.

Tactile Hallucinations

The perception of touch or sensation on the skin that has no physical cause, often experienced in certain psychiatric and neurological disorders.

Bathing/Hygiene

The practice of maintaining cleanliness of the body for health and well-being.

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