Over a certain period, the nominal GDP of a country grew by 20% and the GDP deflator increased by 35%. by how much did t

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answerhappygod
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Over a certain period, the nominal GDP of a country grew by 20% and the GDP deflator increased by 35%. by how much did t

Post by answerhappygod »

Over a certain period, the nominal GDP of a country grew by 20%
and the GDP deflator increased by 35%. by how much did the real GDP
grow over the same period?
a) minus 15%
b) 15%
c) 62%
d) minus 11%
In 1900, the nominal GDP was $200 billion in country A and $100
billion in country B. In 2000, the nominal GDP in both countries
was $800 billion. What was the ratio of the growth rate of nominal
GDP in country A to that of country B?
a) 1/2
b) 4/5
c) 2/3
d) 3/4
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