Consider the following data, where gross domestic product (GDP) values are measured in millions of dollars, to answer the following questions:
-What was the growth rate of nominal gross domestic product (GDP)from 2010 to 2011? Round to the nearest second decimal.
A) 4.94 percent
B) 8.96 percent
C) 8.23 percent
D) 5.00 percent
E) 10.00 percent

Question

Consider the following data, where gross domestic product (GDP) values are measured in millions of dollars, to answer the following questions: 
-What was the growth rate of nominal gross domestic product (GDP)from 2010 to 2011? Round to the nearest second decimal.
A) 4.94 percent 
B) 8.96 percent 
C) 8.23 percent 
D) 5.00 percent 
E) 10.00 percent

Quizplus · Accepted Answer

The nominal GDP growth rate from 2010 to 2011 was 8.96 percent. This is calculated based on the increase in GDP without adjusting for inflation.

Consider the Following Data, Where Gross Domestic Product (GDP) Values