Consider a country with a nominal gross domestic product (GDP) of $10 billion in 2010 and $15 billion in 2015. In the same period the population increased by 2 percent and price levels decreased by 10 percent. What is the economic growth for this country
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Home » Business » Consider a country with a nominal gross domestic product (GDP) of $10 billion in 2010 and $15 billion in 2015. In the same period the population increased by 2 percent and price levels decreased by 10 percent.