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If Nominal GDP in 2007 Is $5

Question 83

Multiple Choice

If nominal GDP in 2007 is $5.43 (in trillions) and in 2008 the level of nominal GDP rises to $6.11 (in trillions) , what is the growth rate of nominal GDP?


A) -11.1%
B) -12.5%
C) 11.1%
D) 12.5%

Correct Answer:

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