Help!! How do you find Nominal GDP Growth Rate from Real GDP Growth Rate??Watch
"In the economy of Econland, the ratio of the nominal expenditure to the money supply is constant. Real GDP grows at 4% per year, the labour force is growing at a rate of 2.5% per year, the money stock grows at 6% per year and the nominal interest rate is 10%. The growth rate of nominal GDP is ______________ and the real interest rate is________________."