Assume the inflation rate in 2016 is 1.2 percent.If the nominal GDP grew 3.3 percent and nominal wages grew 2.1 percent,what are the approximate real growth rates of GDP and wages?
A) 2.00%; 0.40%
B) 2.05%; 0.50%
C) 2.10%; 0.50%
D) 2.10%; 0.90%
E) 2.15%; 0.60%
Correct Answer:
Verified
Q50: Assume there are 475 million people in
Q51: An analyst gathered the following year-end price
Q52: You invest $250,000 in Japan at a
Q54: Your $785,000 investment in Mexico gained 6
Q56: You are planning to invest $150,000 in
Q57: You invest $150,000 in Germany when the
Q57: An analyst gathered the following year-end price
Q58: Suppose you want to convert U.S.dollars to
Q59: Assume the CPI increases from 125.9 to
Q60: As a U.S.investor,you decide to invest $110,000
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