If real GDP in an economy increases from $20,000 billion to $20,200 billion from 2010 to 2011, what is the annual growth rate in this economy?
A) 10%
B) 5%
C) 2.01%
D) 1%
Correct Answer:
Verified
Q49: From 1950 to 1970 Japan's growth rate
Q57: The rule of 70 indicates that an
Q58: The world's average level of GDP per
Q61: Countries that have high per capita GDP
Q65: If a country's initial real GDP is
Q66: Which statement is TRUE about economic growth?
A)
Q66: If a nation doubles its GDP per
Q69: Physical capital is the:
A) stock of tools,including
Q69: If you received a constant annual rate
Q79: What is the most immediate (or direct)cause
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents