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Answer the question based on the table below. Year Nominal GDP (in millions) GDP Deflator Real GDP Real GDP Growth Rate Population DGP 1988 450 65 30000 1989 470 69 31000 1990 500 71 32000 1991 550 73 33000 What is the Real GDP growth rate in 1990? (round it to the nearest million) 5.1% 3.4% 6.3% 4.7%

Answer the question based on the table below. Year Nominal GDP (in millions) GDP Deflator Real GDP Real GDP Growth Rate Population DGP 1988 450 65 30000 1989 470 69 31000 1990 500 71 32000 1991 550 73 33000 What is the Real GDP growth rate in 1990? (round it to the nearest million) 5.1% 3.4% 6.3% 4.7%

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Answer the question based on the table below. Year Nominal GDP (in millions) GDP Deflator Real GDP Real GDP Growth Rate Population DGP 1988 450 65 30000 1989 470 69 31000 1990 500 71 32000 1991 550 73 33000 What is the Real GDP growth rate in 1990? (round it to the nearest million) 5.1% 3.4% 6.3% 4.7%
Transcribed Image Text:Answer the question based on the table below. Year Nominal GDP (in millions) GDP Deflator Real GDP Real GDP Growth Rate Population DGP 1988 450 65 30000 1989 470 69 31000 1990 500 71 32000 1991 550 73 33000 What is the Real GDP growth rate in 1990? (round it to the nearest million) 5.1% 3.4% 6.3% 4.7%
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