In the economy of Betania, the real GDP in 2005 was $1 million, while in 2006 real GNP was $1.2 million. Therefore, Betania's real GDP has grown by:
A) 20 per cent.
B) 12 per cent.
C) 10 per cent.
D) 33 per cent.
Correct Answer:
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Q1: Macroeconomics is concerned with:
A) an examination of
Q2: Three main indicators of macroeconomic activity and
Q3: Which of the following conditions would not
Q4: All the following are important macroeconomic issues
Q5: Economic growth is measured by:
A) an increase
Q7: Which of the following statements is false?
A)
Q8: The rate of inflation is the:
A) price
Q9: The annual percentage rate of change in
Q10: The CPI in year one was 145.
Q11: Which of the following statements is false?
A)
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