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Percentage decline in nominal gdp from 2019 to 2021

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Reference no: EM133129345

Between 2018 and 2021, GDP measured in current prices fell from RM96 billion to RM48 billion. Over the same period, the relevant price index fell from 100 to 75.

Calculate:

(i) The percentage decline in nominal GDP from 2019 to 2021.

(ii) The percentage decline in real GDP from 2019 to 2021.

Reference no: EM133129345

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