Business, 28.07.2020 16:01 arnold2619

1. Suppose that nominal GDP was $11 trillion in 2040 in Bedrock. In 2050, nominal GDP was $15 trillion in Bedrock. The price level fell 6% between 2040 and 2050, and population growth was 3%. Between 2040 and 2050 in Mordor, nominal GDP growth was% and economic growth was%. 2. Suppose that nominal GDP was $20 trillion in 2040 in Mordor. In 2050, nominal GDP was $18 trillion in Mordor. The price level rose 3% between 2040 and 2050, and population growth was 2%. Between 2040 and 2050 in Mordor, nominal GDP growth was% and economic growth was%.
3. Suppose that nominal GDP was $8 trillion in 2040 in Mordor. In 2050, nominal GDP was $10 trillion in Mordor. The price level rose 18.0% between 2040 and 2050, and population growth was 13.0%. Between 2040 and 2050 in Mordor, nominal GDP growth was% and economic growth was%.

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1. Suppose that nominal GDP was $11 trillion in 2040 in Bedrock. In 2050, nominal GDP was $15 trilli...