Multiple Choice
Nominal GDP increased from $15.62 trillion to $16.09 trillion,and the price level increased from 120.0 to 122.4.The growth rate of real GDP was approximately: (Round to the nearest second decimal.)
A) 2.92%.
B) 3.01%.
C) 1.87%.
D) 1.00%.
E) 2.00%.
Correct Answer:
Verified
Correct Answer:
Verified
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