Consider a country with a nominal gross domestic product (GDP) of $10 billion in 2010 and $11 billion in 2015.In the same period the population decreased by 4 percent and price levels increased by 5 percent.What is the economic growth for this country?
A) 1 percent
B) 4 percent
C) 6 percent
D) 9 percent
E) 10 percent
Correct Answer:
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