instantaneous growth rate of price equation? Practice Final Exam 3.4 #36

label Economics
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If the instantaneous growth rate of real GDP is 6% and that of nominal GDP is 10%, then the instantaneous growth rate of price is equal to ______ %.

 Answer:  4

    


Aug 11th, 2014

 instantaneous growth rate of price is equal to (10-6)= 4 %.


Ref:

http://www.sjsu.edu/faculty/watkins/rates.htm


Aug 11th, 2014

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