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Author Question: If the economy grows at 10 percent from year 1 to year 2 and real GDP is 300 in year 1, what will ... (Read 73 times)

cherise1989

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Question 1

When GDP is measured using "adjustments for price changes" it is known as the


◦ real GDP.
◦ nominal GDP.
◦ real GNP.
◦ nominal GNP.

Question 2

If the economy grows at 10 percent from year 1 to year 2 and real GDP is 300 in year 1, what will real GDP be in year 2?


◦ 10
◦ 300
◦ 315
◦ 330


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Marked as best answer by cherise1989 on Apr 19, 2019

essyface1

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cherise1989

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Reply 2 on: Apr 19, 2019
Thanks for the timely response, appreciate it


diana chang

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Reply 3 on: Yesterday
Gracias!

 

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