Solved

If Inflation in the United States Was 1

Question 30

Multiple Choice

If inflation in the United States was 1.9% in 2014, and the growth rate of real GDP was 2.5%, what was the nominal GDP growth rate?

A) 0.6%
B) 4.4%
C) 1.9%
D) 2.5%

Related Questions

Q25: Refer to the diagram of the circular

Q26: (Table: Price and Output Data) Use

Q27: A single woman attorney hires a local

Q28: If Lithuania's nominal GDP falls by 1%,

Q29: If Turkey's GDP is approximately $851 billion,

Q31: (Table: Lemonade and Cookies) Use Table:

Q32: (Table: Per Capita GDP) Use Table:

Q33: In the market for outputs:<br>A)households supply goods

Q34: (Table: Price and Output Data) Use

Q35: In 2007, the United States recorded real