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Suppose that nominal GDP was $9750000.00 in 2005 in Midland County Texas.

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Suppose that nominal GDP was $9750000.00 in 2005 in Midland County

Texas. In 2015, nominal GDP was $12000000.00 in Midland County Texas. The price level rose 2.50% between 2005 and 2015, and population growth was 4.25%. Calculate the following figures for Midland County Texas between 2005 and 2015. Give all answers to two decimals.

A. Nominal Growth was ________%

B. Economic Growth was ________%

C. Inflation was _______%

D. Real GDP Growth was _______%

E. Per capita GDP growth was ______%

F. Real per capita GDP growth was _______%

 
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