If nominal GDP is $5.43 (in billions) in 2007 and 2008 the level of nominal GDP rises to $6.11 (in billions), what is the growth rate of nominal GDP?
A) 12.5 percent
B) -11.1 percent
C) 11.1 percent
D) -12.5 percent

Question

Quizplus · Accepted Answer

The Answer of If nominal GDP is $5.43 (in billions) in 2007 and 2008 the level of nominal GDP rises to $6.11 (in billions), what is the growth rate of nominal GDP?
A) 12.5 percent
B) -11.1 percent
C) 11.1 percent
D) -12.5 percent

If Nominal GDP Is $5