Suppose you are given the following information about an economy. In this economy, the GDP deflator increases 20% from 2014 and 2015. Nominal GDP in this economy increased 44% from 2014 and 2015. What is the growth rate of real GDP between 2014 and 2015? 20%

Suppose you are given the following information about an economy. In this economy, the GDP deflator increases 20% from 2014 and 2015. Nominal GDP in this economy increased 44% from 2014 and 2015. What is the growth rate of real GDP between 2014 and 2015? 20%

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp

Section7.4: Real Gdp

Problem 2ST

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Suppose you are given the following information about an economy. In this economy,
the GDP deflator increases 20% from 2014 and 2015. Nominal GDP in this economy
increased 44% from 2014 and 2015. What is the growth rate of real GDP between
2014 and 2015?
20%
22%
120%
12%

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