In a small economy the real GDP in year 1 is $ 5000 bn and in year 2 it is $ 5500 bn. What is the growth rate of real GDP in this economy from year 1 to 2? A. 0.1 % B. 9.09% C. 10% D. 50%
In a small economy the real GDP in year 1 is $ 5000 bn and in year 2 it is $ 5500 bn. What is the growth rate of real GDP in this economy from year 1 to 2? A. 0.1 % B. 9.09% C. 10% D. 50%
Chapter5: National Income Accounting
Section: Chapter Questions
Problem 3E
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Question
In a small economy the real
A. |
0.1 % |
|
B. |
9.09% |
|
C. |
10% |
|
D. |
50%
|
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