Consider the following data on U. S. GDP:
YearNominal GDP (Billions of dollars)GDP Deflator (Base year 2009)
201517,947109.8
19957,66475.3
The growth rate of nominal GDP between 1995 and 2015 was , and the growth rate of the GDP deflator between 1995 and 2015 was .
Measured in 2009 prices, real GDP was billion in 1995 and billion in 2015.
The growth rate of real GDP between 1995 and 2015 was .
The growth rate of nominal GDP between 1995 and 2015 was than the growth rate of real GDP.
Answers: 2
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Consider the following data on U. S. GDP:
YearNominal GDP (Billions of dollars)GDP Deflator (Base y...
Mathematics, 18.04.2020 03:28