Short Answer
Nominal GDP in Kwaki was $674.8 billion in 2001 and $688.4 billion in 2002.The GDP deflator was 121.6 for 2001 and 123.3 for 2002.
a.What is the growth rate of nominal GDP between 2001 and 2002?
b.What is the inflation rate from 2001 to 2002?
c.What is the growth rate of real GDP from 2001 to 2002?
Correct Answer:
Verified
Correct Answer:
Verified
Q53: Monica grows coconuts and catches fish.Last year
Q55: If real interest is 2 percent and
Q56: Measuring GDP in nominal terms<br>A)is the most
Q57: The country of Old Jersey produces
Q59: Nominal personal consumption expenditures in Canada were
Q60: If a country runs a current account
Q61: If the price index was 100 in
Q62: Net national income is equal to<br>A)GDP minus
Q63: The country of Old Jersey produces
Q65: Saving is a _ variable,and wealth is