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Nominal Gross Private Domestic Investment Was $1888

Question 86

Multiple Choice

Nominal gross private domestic investment was $1888.0 billion in 2008 and rose to $2057.4 billion in 2009.The chain-weight price index for gross private domestic investment was 106.6 for 2008 and 110.3 for 2009,where 2005 was the base year.Calculate the percent change in real gross private domestic investment (rounded to the nearest percentage point) from 2008 to 2009.


A) 1%
B) 3%
C) 4%
D) 5%

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