Consider the following information on GDP and CPI for an economy over the last 3 years. Calculate nominal GDP growth for 2018.
$\begin{array}{lll}
&\text { GDE}&\text { CPI }\
2017 & 137.4 & 246.5 \
2018 & 139.4 & 251.2 \
2019 & 141.8 & 257.0
\end{array}$

Question

Consider the following information on GDP and CPI for an economy over the last 3 years. Calculate nominal GDP growth for 2018.
$\begin{array}{lll}
&\text { GDE}&\text {  CPI }\
2017 & 137.4 & 246.5 \
2018 & 139.4 & 251.2 \
2019 & 141.8 & 257.0
\end{array}$

Quizplus · Accepted Answer

Nominal GDP growth from 2017 to 2018 is calculated as $\frac{(GDP_{2018} - GDP_{2017})}{GDP_{2017}} \times 100$. Using the given values, $\frac{(139.4 - 137.4)}{137.4} \times 100 = \frac{2}{137.4} \times 100 = 1.46\%$.

Consider the Following Information on GDP and CPI for an Economy