If real GDP for 2009 is $6400 billion and nominal GDP for 2010 is $6720 billion (in 2010 dollars),then the growth rate of real GDP is
A)0%.
B)0)5%.
C)5%.
D)unknown based on the given information.

Question

Quizplus · Accepted Answer

The growth rate of real GDP cannot be determined because the real GDP for 2010 is not provided. We only have the nominal GDP for 2010 and the real GDP for 2009.

If Real GDP for 2009 Is $6400 Billion and Nominal