12. If the Real GDP for year 1 was $ 57,900 and for year 2 it was $ 60,000, determine the percentage of economic growth.

Principles of Economics 2e
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ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter20: Economic Growth
Section: Chapter Questions
Problem 7SCQ: List the areas where government policy can help economic growth.
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12. If the Real GDP for year 1 was $ 57,900 and for year 2 it was $ 60,000, determine the
percentage of economic growth.
Transcribed Image Text:12. If the Real GDP for year 1 was $ 57,900 and for year 2 it was $ 60,000, determine the percentage of economic growth.
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