C) Between 2018 and 2021, GDP measured in current prices fell from RM96 billion toRM48 billion. Over the same period, the relevant price index fell from 100 to 75. Caleulate: (i) The percentage decline in nominal GDP from 2019 to 2021. (ii) The percentage decline in real GDP from 2019 to 2021.
C) Between 2018 and 2021, GDP measured in current prices fell from RM96 billion toRM48 billion. Over the same period, the relevant price index fell from 100 to 75. Caleulate: (i) The percentage decline in nominal GDP from 2019 to 2021. (ii) The percentage decline in real GDP from 2019 to 2021.
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter7: Taking The Nation's Economic Pulse
Section: Chapter Questions
Problem 1CQ
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