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In a Small Country, Using Prices of 2012, GDP in 2012

Question 63

Multiple Choice

In a small country, using prices of 2012, GDP in 2012 was $100 and GDP in 2013 was $110. Using prices of 2013, GDP in 2012 was $200 and GDP in 2013 was $210. The country's BEA will calculate --------------------Percent as the growth in real GDP between those years.


A) 5
B) 10
C) 15
D) 7.5
E) None of the above answers is correct.

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