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Janet Calculated the GDP Growth Rates for France Between 2012

Question 2

Multiple Choice

Janet calculated the GDP growth rates for France between 2012 and 2013. Using 2012 prices for both years, GDP increased 5 percent. Using 2013 prices for both years, GDP increased 1 percent. hence the chained-price method will calculate that between these years, real GDP increased by


A) 5 percent.
B) 4 percent.
C) 1 percent.
D) 6 percent.
E) 3 percent.

Correct Answer:

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