The table below gives economic data for the small island economy of St. Artie's. All data was computed at the end of each year.   Year GDP Deflator Nominal GDP 2017 100 2,000,000 2018 110 2,090,000 2019 115 2,190,000 2020 121 2,400,00   What was the Real GDP growth rate between the end of 2017 and the end of 2018

Principles of Economics 2e
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Chapter19: The Macroeconomic Perspective
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Problem 31P: Ethiopia has a GDP of 8 billion (measured in U.S. dollars) and a population of 55 million. Costa...
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The table below gives economic data for the small island economy of St. Artie's. All data was computed at the end of each year.

 

Year GDP Deflator Nominal GDP
2017 100 2,000,000
2018 110 2,090,000
2019 115 2,190,000
2020 121 2,400,00

 

What was the Real GDP growth rate between the end of 2017 and the end of 2018?

Group of answer choices
4.5%
10%
-5%
-10%
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