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  • 10-01-2024
  • Business
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Suppose the GDP deflator was 200 in 2008 and 190 in 2009. In addition, nominal GDP was 1% higher in 2009 than in 2008. Given this information, the approximate, rate of real GDP growth in 2009 was:
a. 6%
b. 5%
c. 4%
d. 3%

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