Part 1 1 Point Suppose That Nominal Gdp Was 9250000 00 In 2005 In Fairfax County Virginia In 2015 Nominal Gdp Was 1 (55.13 KiB) Viewed 30 times
Part 1 (1 point) Suppose that nominal GDP was $9250000.00 in 2005 in Fairfax County Virginia. In 2015, nominal GDP was $11750000.00 in Fairfax County Virginia. The price level rose 1.00% between 2005 and 2015, and population growth was 4.25%. Calculate the following figures for Fairfax County Virginia between 2005 and 2015. Give all answers to two decimals. a. Nominal GDP growth was 20.51 %. Part 2 (1 point) b. Economic growth was 13.76 %. Part 3 (1 point) c. Inflation was 2.5 %. Part 4 (1 point) d. Real GDP growth was 19.51 %.
Part 5 (1 point) e. Per capita GDP growth was 16.26 %. Part 6 (1 point) f. Real per capita GDP growth was 15.26 %.
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