Solved

Suppose That Real GDP for 2017 Was $10 000 Billion

Question 84

Multiple Choice

Suppose that real GDP for 2017 was $10 000 billion and real GDP for 2018 was $9 500 billion. What is the rate of growth of real GDP?

A) -10%
B) 1%
C) 5%
D) -5%

Related Questions

Q80: Outline the phases of the business cycle,

Q81: The experience of recessions in Australia has

Q83: What type of consumer good is most

Q85: Explain how a decrease in the tax

Q86: If, in a closed economy, real GDP

Q87: Which of the following describes the growth

Q88: As a proportion of GDP, the Australian

Q89: Let G = government purchases; T =

Q98: The lengths of the recession and expansion

Q140: Outline the various actions the government sector