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10-01-2020
Business

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If the economy grows at 10 percent from year 1 to year 2 and real GDP is 300 in year 1, what will real GDP be in year 2?

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ewomazinoade ewomazinoade

10-01-2020

Answer:

330

Explanation:

Real GDP in year 2 = real GDP in year 1 × (1+ growth rate)

= 300 × (1.1) = 330

I hope my answer helps you.

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