If Real GDP Rises from $8 Trillion to $8

question 73

Essay

If real GDP rises from $8 trillion to $8.4 trillion and the GDP deflator rises by 2 percent,find the percentage change in GDP.

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Definitions:

Dissent

The expression or holding of opinions at variance with those previously, commonly, or officially held.

Confederacy

A coalition of 11 southern states that seceded from the United States from 1860-1865, leading to the Civil War over issues including states' rights and slavery.

Abraham Lincoln

16th President of the United States, led the country during the Civil War and emancipated the slaves.

Jefferson Davis

The President of the Confederate States of America during the American Civil War.