Illustrate what is the present macroeconomic situation

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Q. "Assume nominal GDP in 2002 was $100billion also in 2003 it was $260 billion. The general price index in 2002 was 100 also in 2003 it was 180. Between 2002 also 2003 the real gdp rose by?"

Q. Illustrate what is the present macroeconomic situation (e.g. worrying about inflation also/or recession) in the U.S.?

Reference no: EM1344238

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