In Swaziland,the nominal GDP growth rate is 7 percent and the inflation rate is 5 percent.The real GDP growth rate in Swaziland is approximately ________.

Question

Quizplus · Accepted Answer

Real GDP growth rate is calculated by subtracting the inflation rate from the nominal GDP growth rate. Therefore, the real GDP growth rate in Swaziland would be:

7% - 5% = 2%

Hence, the correct answer is B) 2 percent.

In Swaziland,the Nominal GDP Growth Rate Is 7 Percent and the Inflation