« previous next »

Author Question: Between 2013 and 2016, a country's nominal GDP grew by 18 percent and its inflation rate (based on ... (Read 105 times)

james

  • Hero Member
  • *****
  • Posts: 573
on: Jun 30, 2018
Between 2013 and 2016, a country's nominal GDP grew by 18 percent and its inflation rate (based on the chain-weighted price index for GDP) was 11 percent. How fast did real GDP grow over this period?
 
  What will be an ideal response?

Question 2

The dividend earned by a domestic resident on a stock owned in a foreign company is an example of a(n) ________.
 
  A) import by the domestic resident B) factor payment received from foreigners
  C) transfer payment received from foreigners D) export by the domestic resident


underwood14

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 30, 2018
Answer to Question 1

The growth rate for real GDP would have been 1.18 / 1.11 = 1.06, so real GDP grew by 6 percent over the period.

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

For linked genes, recombinant frequencies are less than 50 percent For linked genes, recombinant frequencies are less than 50 percent
Any number of crossovers gives 50 percent recombinants Any number of crossovers gives 50 percent recombinants
C, A nurse can also administer the medication by setting the dose and rate with an electronic infusi C, A nurse can also administer the medication by setting the dose and rate with an electronic infusi
Rate of Residential Change, Past Year, in the United States Rate of Residential Change, Past Year, in the United States
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
A schematic view of ribosome subunit rotational motions, based on crystal structures of ribosomes A schematic view of ribosome subunit rotational motions, based on crystal structures of ribosomes
Video: Osmosis - water transport

For a complete list of videos, visit our video library