Nominal GDP in a country was $8759.9 billion in 2014 and $9254.6 billion in 2015.The GDP deflator was 102.86 for 2014 and 104.37 for 2015.
(a)What is the growth rate of nominal GDP between 2014 and 2015?
(b)What is the inflation rate from 2014 to 2015?
(c)What is the growth rate of real GDP from 2014 to 2015?
Correct Answer:
Verified
(b)[(104...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q94: Two years ago,the GDP deflator for Old
Q95: The consumer price index (CPI)was 180 for
Q96: The Fed prefers to focus on inflation
Q97: Nominal government purchases were $2226.2 billion in
Q98: The Federal Reserve focuses on the inflation
Q100: In 1975,Richard Petty won the NASCAR race
Q101: Loretta agrees to lend Ted $500,000 to
Q102: Historical analysis of real interest rates in
Q103: If the expected inflation rate was 2.5%,the
Q104: You took out a loan one year
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