16. gdp growth consider the following data on u. s. gdp: year gdp (billions of current dollars) (billions of 2009 dollars) 2011 15,517.9 15,020.6 2012 16,155.3 15,354.6 2013 16,663.2 15,583.3 2014 17,348.1 15,961.7 2015 17,942.9 16,345.0 source: "national economic accounts."u. s. bureau of economic analysis. the percentage change in nominal gdp from 2013 to 2014 was . the percentage change in real gdp from 2012 to 2013 was . true or false: the percentage change in real gdp from 2012 to 2013 was higher than the percentage change in real gdp from 2011 to 2012. false true

The percentage change in nominal GDP from 2013 to 2014 was 4.29%

The percentage change in real GDP from 2012 to 2013 was 1.48%

The percentage change in real GDP from 2012 to 2013 was higher than the percentage change in real GDP from 2011 to 2012. FALSE

Explanation:

In order to calculate this we just have to calculate the percentages with a rule of thirds:

To calculate the first one we use the nominal GDP which is the GDP with the current market value:

To calculate the change in real GDP we use the values adapted to a pre-agreed monetary value, in this case the dollar at 2009:

To calculate the 2011 to 2012 we insert the values:

So with this we know that it is wasn´t higher the percentage change from 2012-2013, than that of 2011-2012

there is no following so id just amuse false

urban company reports the following information regarding its production cost: units produced 37,000 units direct labor $ 30 per unit direct materials $ 35 per unit variable overhead $ 237,000 in total fixed overhead $ 127,000 in total