Part 1Â Â Â (1 point)
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Suppose that nominal GDP was $9250000.00 in 2005 in OrangeCounty California. In 2015, nominal GDP was $11000000.00 in OrangeCounty California. The price level rose 1.50% between 2005 and2015, and population growth was 4.25%. Calculate the followingfigures for Orange County California between 2005 and 2015. Giveall answers to two decimals.
a. Nominal GDP growth was _________ %.
Part 2Â Â Â (1 point)
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b. Economic growth was __________ %.
Part 3Â Â Â (1 point)
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c. Inflation was ___________ %.
Part 4Â Â Â (1 point)
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d. Real GDP growth was ________ %.
Part 5Â Â Â (1 point)
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e. Per capita GDP growth was __________ %.
Part 6Â Â Â (1 point)
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f. Real per capita GDP growth was __________%.
