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Consider a Country with a Nominal Gross Domestic Product (GDP)of

Question 121

Multiple Choice

Consider a country with a nominal gross domestic product (GDP) of $10 billion in 2010 and $15 billion in 2015.In the same period the population increased by 2 percent and price levels decreased by 10 percent.What is the economic growth for this country?


A) 50 percent
B) 58 percent
C) 62 percent
D) 68 percent
E) 72 percent

Correct Answer:

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