A nation's real GDP was $300 billion In Year 1 and $309 billion in Year 2. Its population was 120 million in Year 1 and 125 million In Year 2. What Is Its real GDP growth rate In Year 2? Multiple Choice 3 percent 9 percent 21 percent
A nation's real GDP was $300 billion In Year 1 and $309 billion in Year 2. Its population was 120 million in Year 1 and 125 million In Year 2. What Is Its real GDP growth rate In Year 2? Multiple Choice 3 percent 9 percent 21 percent
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp
Section: Chapter Questions
Problem 10WNG
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![A natlon's real GDP was $300 billion In Year 1 and $309 billion In Year 2. Its populatlon was 120 million In Year 1 and 125 million In Year 2. What Is Its real GDP growth rate In Year 2?
Multiple Cholce
3 percent
9 percent
2.1 percent
7 percent](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc87ddbd0-2e96-4ff2-b892-078e8a47d877%2F853953fe-923b-4577-89f0-7f0654a68a22%2Ft31ifbj_processed.png&w=3840&q=75)
Transcribed Image Text:A natlon's real GDP was $300 billion In Year 1 and $309 billion In Year 2. Its populatlon was 120 million In Year 1 and 125 million In Year 2. What Is Its real GDP growth rate In Year 2?
Multiple Cholce
3 percent
9 percent
2.1 percent
7 percent
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