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Home Q & A Board Other Fields Homework Help Business Economics
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psintusaichol psintusaichol
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A year ago
Scenario: Bookland is a country that produces only books. In 1990, Bookland produced 10,000 books at a market price of $10 each. In 1991, Bookland produced 11,000 books at a market price of $12 each.


Refer to the scenario above. Nominal GDP growth in Bookland from 1990 to 1991 was closest to ________.

▸ 10 percent

▸ 20 percent

▸ 40 percent

▸ 30 percent
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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Marinaanderson0Marinaanderson0
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A year ago
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psintusaichol Author
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A year ago
Helped a lot
wyq2651
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Yesterday
Correct Slight Smile TY
jayfo05
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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