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Author Question: Suppose that the chain-weighted index for GDP in Panama was 180 in 2015 and 188 in 2016. The ... (Read 25 times)

mynx

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on: Jun 30, 2018
Suppose that the chain-weighted index for GDP in Panama was 180 in 2015 and 188 in 2016. The inflation rate between those two years was approximately
 
  A) 1.1 percent. B) 4.4 percent. C) 8 percent. D) 10.4 percent.

Question 2

The economic growth rate is expressed as the
 
  A) growth rate of real GDP minus the growth rate of population.
  B) growth rate of the population.
  C) standard of living.
  D) annual percentage change of real GDP per person.
  E) annual percentage change of real GDP.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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nikmaaacs

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

E


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