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Macroeconomics

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Moderate

How to Find the Percentage Change in Real GDP?

MACRO-P3WCE4

Consider the following economic statistics on output and prices for the economy of Orangeville:

Percentage change in Nominal GDP (2014-2015): 3.4%
Consumer Price Index (CPI) 2014: 123.1
Consumer Price Index (CPI) 2015: 125.3