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Listed below is Nominal GDP and the GDP deflator from last year and this year for a hypothetical country. Year Nominal GDP GDP deflator Last year $200 100 This year $231 110 In this country, the rate of growth of real GDP is _________: a) 15% b) 10% c) 0% d) 5%

August 8, 2019/in Questions Uploads /by admin

Listed below is Nominal GDP and the GDP deflator from last year and this year for a hypothetical

country.

Year Nominal GDP GDP deflator

Last year $200 100

This year $231 110

In this country, the rate of growth of real GDP is _________:

a) 15%

b) 10%

c) 0%

d) 5%