Solved

Suppose That Real GDP for 2010 Was $10,000 Billion and Real

Question 15

Multiple Choice

Suppose that real GDP for 2010 was $10,000 billion and real GDP for 2011 was $11,000 billion.What is the rate of growth of real GDP between 2010 and 2011?


A) 1%
B) 2%
C) 5%
D) 10%

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q11: Which of the following describes the growth

Q12: Table 21-1
Table 21-1 </p></div><svg width=

Q13: An increase in labor productivity
A) allows the

Q18: Table 21-1
Table 21-1 </p></div><svg width=

Q39: When production in an economy grows more

Q42: The rule of 70 states that
A)it takes

Q50: If GDP grew 3% in 1970,2.2% in

Q53: If an economy is growing at a

Q54: Labor productivity is
A)the quantity of output produced

Q58: If GDP is currently $13 trillion and

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents