Business, 23.10.2020 16:10, Kylabayor

In the country of Orcam, the velocity of money is constant. Real GDP grows by 1 percent per year, the money stock grows by 13 percent per year, and the nominal interest rate is 10 percent. Calculate the growth rate of nominal GDP.

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In the country of Orcam, the velocity of money is constant. Real GDP grows by 1 percent per year, th...