A country's real GDP rose from $500 to $530 while its nominal GDP rose from $600 to $700.What was this country's inflation rate?
A) 16.7%.
B) 10.0%.
C) 15.0%.
D) -9.1%.
Correct Answer:
Verified
Q22: If real GDP is 5,100 and nominal
Q23: If nominal GDP is $8 trillion and
Q24: Suppose an economy's production consists only of
Q25: If in some year nominal GDP was
Q28: The inflation rate in year 2 equals
A)
Q29: If nominal GDP doubles and the GDP
Q30: If in some year nominal GDP was
Q31: If nominal GDP is $12 trillion and
Q208: If real GDP doubles and the GDP
Q212: The term economists use to describe a
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