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The growth rate in real GDP per capita was 9.9% between Year 1 and Year 2. Use the chart below to calculate the missing value for Nominal GDP in Year 2. Nominal GDP Population CPI Year 1 12,699,583 520 220.2 Year 2

Respuesta :

It can be deduced that a nominal GDP simply means the gross domestic product that has not been adjusted for inflation.

What is a nominal GDP?

Your information is incomplete. Therefore, an overview will be provided. Nominal GDP is the calculation of GDP that includes current prices.

Nominal GDP is the gross domestic product that has not been adjusted for inflation. It is calculated as:

= (Deflator × Real GDP) / 100

Learn more about nominal GDP on:

https://brainly.com/question/834792

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