Calculate the growth rate of Nominal GDP between 2012 and 2013 (up to two places after decimal, no % sign) Year 2011 2012 2013 Typed numeric answer will be automatically saved Nominal GDP $13,399 14,078 14,441 Real GDP $12,976 13,254 13,312
Calculate the growth rate of Nominal GDP between 2012 and 2013 (up to two places after decimal, no % sign) Year 2011 2012 2013 Typed numeric answer will be automatically saved Nominal GDP $13,399 14,078 14,441 Real GDP $12,976 13,254 13,312
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Calculate the growth rate of Nominal GDP between 2012 and 2013 (up to two places after decimal, no % sign)
Year
2011
2012
2013
Typed numeric answer will be automatically saved
Nominal GDP
$13,399
14,078
14,441
Real GDP
$12,976
13,254
13,312
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