Consider a Country with a Nominal Gross Domestic Product (GDP)of

Multiple Choice

Consider a country with a nominal gross domestic product (GDP) of $5 billion in 2010 and $15 billion in 2015.In the same period the population grew by 10 percent and price levels increased by 90 percent.What is the economic growth for this country?

A) 90 percent
B) 100 percent
C) 110 percent
D) 190 percent
E) 200 percent