Year19951996199719981999200020012002Select one:What was growth in real GDP in 2001?a. 2.85%Ob. 3.4%C.5.32%Od. 0.53%3.28%Nominal GDP(billions)$7,400.6e.$7,813.2$8,318.4$8,781.5$9,268.6$9,872.9$10,208.1$10,383.1Real GDP(billions)CPI(1983 = 100)152.4156.9160.5163.0166.6172.2177.1179.9

The real GDP will be computed by dividing nominal GDP with the GDP deflator (R). When only nominal…

Year 1995 1996 1997 1998 1999 2000 2001 2002 What was growth in real GDP in 2001? Select one: O a. O b. O. C. Nominal GDP (billions) $7,400.6 $7,813.2 $8,318.4 $8,781.5 $9,268.6 $9,872.9 $10,208.1 $10,383.1 2.85% 3.4% 5.32% d. 0.53% Oe. 3.28% Real GDP (billions) CPI (1983 = 100) 152.4 156.9 160.5 163.0 166.6 172.2 177.1 179.9

Year 1995 1996 1997 1998 1999 2000 2001 2002 What was growth in real GDP in 2001? Select one: O a. O b. O. C. Nominal GDP (billions) $7,400.6 $7,813.2 $8,318.4 $8,781.5 $9,268.6 $9,872.9 $10,208.1 $10,383.1 2.85% 3.4% 5.32% d. 0.53% Oe. 3.28% Real GDP (billions) CPI (1983 = 100) 152.4 156.9 160.5 163.0 166.6 172.2 177.1 179.9

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

100%

Year
1995
1996
1997
1998
1999
2000
2001
2002
Select one:
What was growth in real GDP in 2001?
a. 2.85%
Ob. 3.4%
C.
5.32%
Od. 0.53%
3.28%
Nominal GDP
(billions)
$7,400.6
e.
$7,813.2
$8,318.4
$8,781.5
$9,268.6
$9,872.9
$10,208.1
$10,383.1
Real GDP
(billions)
CPI
(1983 = 100)
152.4
156.9
160.5
163.0
166.6
172.2
177.1
179.9

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