Solved

In 1939, Inflation in the United States Was -1%, but at the Same

Question 178

Multiple Choice

In 1939, inflation in the United States was -1%, but at the same time, the country recorded a real GDP growth rate of 8%. What was the nominal GDP growth rate?


A) -2%
B) 9%
C) 8%
D) 7%

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q173: Refer to the diagram of the circular

Q174: If the local construction company buys an

Q175: What are four strategies for scaling big

Q176: (Table: Per Capita GDP) Use Table:

Q177: (Table: Pizza Economy III) Use Table:

Q179: (Table: Smartwatch GDP in Singapore). Use

Q180: Consider the data shown in the

Q181: Households indirectly own physical capital through their

Q182: In 1986, the United States recorded real

Q183: Dale is a stay-at-home-parent whose typical day