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saratoga 22 saratoga 22
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2 months ago
Refer to the scenario above. Assume that between 2020 and 2025 Newland grew each year exactly at the average catch-up growth rate you found in the question above. What is the difference between the trend level of real GDP in 2022 and actual GDP in 2022 as a percentage of the trend level?

▸ 10.9%

▸ 15%

▸ 7%

▸ 3%
Textbook 

Macroeconomics


Edition: 3rd
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schoolkidchuckschoolkidchuck
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2 months ago
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10.9%

1

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saratoga 22 Author
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2 months ago
This site is awesome
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Good timing, thanks!
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