Answered: If real GDP was $9,950 billion in Year…

If real GDP was $9,950 billion in Year 2008 and $10,270 billion in Year 2009. What was the rate of economic growth in 2009? 1.6 percent 2.4 percent 3.2 percent 4.3 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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Question

100%

If real GDP was $9,950 billion in Year 2008 and $10,270 billion in Year 2009. What was the rate of economic growth in 2009?

1.6 percent

2.4 percent

3.2 percent

4.3 percent

Definition Video Definition Overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period. Video

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