Essay
Nominal GDP in a country was $8,759.9 billion in 2009 and $9,254.6 billion in 2010.The GDP deflator was 102.86 for 2009 and 104.37 for 2010.
(a)What is the growth rate of nominal GDP between 2009 and 2010?
(b)What is the inflation rate from 2009 to 2010?
(c)What is the growth rate of real GDP from 2009 to 2010?
Correct Answer:
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(a)9,254.6/8,759.9 × 100% = 5.6%.
(b)[(1...View Answer
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Correct Answer:
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(b)[(1...
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