Year Nominal GDP Real GDP 2012 280 290 2013 315 260 2014 305 310 The increase in nominal GDP between 2012 and 2014 is: 3.5 % 19.2 % 8.93 % 6.90 % 2. The increase in real GDP between 2012 and 2014 is: 5 % 6.90 %
Year Nominal GDP Real GDP 2012 280 290 2013 315 260 2014 305 310 The increase in nominal GDP between 2012 and 2014 is: 3.5 % 19.2 % 8.93 % 6.90 % 2. The increase in real GDP between 2012 and 2014 is: 5 % 6.90 %
Chapter11: Gross Domestic Product
Section: Chapter Questions
Problem 4SQ
Related questions
Question
Year | Nominal GDP | Real GDP |
2012 | 280 | 290 |
2013 | 315 | 260 |
2014 | 305 | 310 |
The increase in nominal GDP between 2012 and 2014 is:
3.5 %
19.2 %
8.93 %
6.90 %
2. The increase in real GDP between 2012 and 2014 is:
5 %
6.90 %
7.14 %
20 %
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