The real GDP in 2010 was $1,800 billion and $1,944 billion in 2011.What is the growth rate in real GDP measured in percentage change? Question 9Answer a. 6% b. 7% c. 5% d. 8%
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What is the growth rate in real GDP measured in percentage change?
Question 9Answer
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- A nation's real GDP was $250 billion in Year 1 and $270 billion in Year 2. Its population was 120 million in Year 1 and 125 million in Year 2. What is its real GDP growth rate in Year 2?If real GDP was $9,950 billion in Year 2008 and $10,270 billion in Year 2009. What was the rate of economic growth in 2009? 1.6 percent 2.4 percent 3.2 percent 4.3 percentThe real GDP in 2010 was $1,800 billion and $1,944 billion in 2011.What is the growth rate in real GDP measured in percentage change? Question 9Answer a. 6% b. 7% c. 5% d. 8%
- Year Real GDP Nominal GDP 2019 $15,510.79 $17,310.70 2020 $17,495.23 $18,761.83 2021 $18,209.59 $19,253.97 Refer to the table above. What is the growth rate in real GDP from 2020 to 2021? Answer this as a percentage and round your answer to two digits after the decimal without the percentage sign. ex. If you found the rate to be 5.125%, answer 5.13.Why is real GDP a better measure of economic growth than nominal GDP?A nation's real GDP was $250 billion in Year 1 and $265 billion in Year 2. Its population was 120 million in Year 1 and 125 million in Year 2. What is its real GDP growth rate in Year 2? Multiple Choice 15.0 percent 6.0 percent 5.7 percent 1.1 percent
- Suppose that in a particular country, nominal gross domestic product(GDP) grew by 8 percent and the GDP deflator increased by 10 percent. The country's growth rate of real GDP would be approximately equal to?China's economic growth in 2015 is slowest in 25 Years China's growth rate slowed to an annual rate of 68 purcent in the fourth quarter of 2015, down from 73 percent in 2014 China's growth rate has slowed from 7.3 percent a year in 2014 and if it remans at 6.8 percent a year, how many additional years will it take for China's real GDP to double When real GDP per person grows at 73 percent a year, real GDP per person in China doubles in years >>> Answer to 1 decimal place.Why would an economist use real GDP rather than nominal GDP to measure growth? Nominal GDP allows you to compare GDP from different years Nominal GDP is a better measure of a nation's standard of living Real GDP is adjusted for inflation and reflects output/production more accurately Real GDP is calculated for a longer period of time than does nominal GDP
