Refer to the data in the following tables. Nominal GDP Year 2015 23000 2016 24000 2017 25000 2018 26000 2019 27000 Adjacent Years Chainweighted growth rate 2015-2016 2016-2017 2017-2018 2018-2019 What is the chainweghted read GDP of 2016 rounded to the nearest hundredth, in 2019 dollars? OA. 23325.73 OB. 27421.65 OC. 25869.48 OD. 22646.34 OE. None of the above 3% 4% 5% 6% 4
Refer to the data in the following tables. Nominal GDP Year 2015 23000 2016 24000 2017 25000 2018 26000 2019 27000 Adjacent Years Chainweighted growth rate 2015-2016 2016-2017 2017-2018 2018-2019 What is the chainweghted read GDP of 2016 rounded to the nearest hundredth, in 2019 dollars? OA. 23325.73 OB. 27421.65 OC. 25869.48 OD. 22646.34 OE. None of the above 3% 4% 5% 6% 4
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter20: Economic Growth
Section: Chapter Questions
Problem 32P: An economy starts off with a GDP per capita of 5,000. How large will the GDP per capita be if it...
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![Refer to the data in the following tables.
Year
Nominal GDP
2015
23000
2016
24000
2017
25000
2018
26000
2019
27000
Adjacent Years
Chainweighted growth rate
2015-2016
3%
2016-2017
4%
2017-2018
5%
2018-2019
6%
What is the chainweghted read GDP of 2016 rounded to the nearest hundredth, in 2019 dollars?
O A. 23325.73
O B. 27421.65
C. 25869.48
O D. 22646.34
O E. None of the above](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcfc6dba3-15b1-4c19-bd7b-d32051a8bc35%2F081599af-1ddd-4147-86d9-264a72da3acc%2Fpt5a04v_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Refer to the data in the following tables.
Year
Nominal GDP
2015
23000
2016
24000
2017
25000
2018
26000
2019
27000
Adjacent Years
Chainweighted growth rate
2015-2016
3%
2016-2017
4%
2017-2018
5%
2018-2019
6%
What is the chainweghted read GDP of 2016 rounded to the nearest hundredth, in 2019 dollars?
O A. 23325.73
O B. 27421.65
C. 25869.48
O D. 22646.34
O E. None of the above
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