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

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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

    


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Explanation & Answer

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


Ref:

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



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