Business, 20.10.2020 20:01 leleee10

Part 1 Suppose that nominal GDP was $11 trillion in 2040 in Mordor. In 2050, nominal GDP was $15 trillion in Mordor. The price level fell 3% between 2040 and 2050, and population growth was 2%. Between 2040 and 2050 in Mordor,
nominal GDP growth was %
and economic growth was %. (Give your answers to one decimal place.)
Part 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 %. (Give your answers to one decimal place.)
Part 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 %. (Give your answers to one decimal place.)

Answers: 3

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Part 1 Suppose that nominal GDP was $11 trillion in 2040 in Mordor. In 2050, nominal GDP was $15 tr...

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