A national news source reports the nominal gross domestic product (GDP) grew 6 percent in the last year. However, inflation was 4 percent. What was the real GDP growth?
A) 1 percent
B) 2 percent
C) 6 percent
D) 10 percent
E) 8 percent
Correct Answer:
Verified
Q126: What is the definition of "private property
Q127: A technological advance
A) introduces new techniques or
Q133: What is NOT an example of an
Q134: In 2000,the real per capita gross domestic
Q140: The text defines "human capital" as
A) the
Q143: Why is it necessary to adjust changes
Q146: Explain how better-quality education for young people
Q158: Define "economic growth," and explain what it
Q159: How would an increase in capital goods,holding
Q160: List,define,and give an example of each of
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