Cambodinam had a GDP in 2020 of 300 billion pesos. In 2021 its GDP was 330 billion pesos. The inflation rate in Cambodinam in 2020 was 8%. (CPI was 108) Calculate 1. The Nominal GDP growth rate in 2021. 2. The Real GDP in 2021 expressed in 2020 dollars. 3. The Real GDP growth rate in 2021 23

Cambodinam had a GDP in 2020 of 300 billion pesos. In 2021 its GDP was 330 billion pesos. The inflation rate in Cambodinam in 2020 was 8%. (CPI was 108) Calculate 1. The Nominal GDP growth rate in 2021. 2. The Real GDP in 2021 expressed in 2020 dollars. 3. The Real GDP growth rate in 2021 23

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter16: Economic Growth

Section: Chapter Questions

Problem 11E

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Question

Cambodinam had a GDP in 2020 of 300 billion pesos. In 2021 its GDP was 330 billion pesos. The inflation rate in Cambodinam in 2020
was 8%. (CPI was 108)
Calculate
1. The Nominal GDP growth rate in 2021.
2. The Real GDP in 2021 expressed in 2020 dollars.
3. The Real GDP growth rate in 2021
23

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