Author Question: The growth rate of real GDP equals A) (real GDP in previous year - real GDP in current year) ... (Read 75 times)

azncindy619 · **on:** Jun 30, 2018

The growth rate of real GDP equals

A) (real GDP in previous year - real GDP in current year) real GDP in previous year 100.
B) (real GDP in current year - real GDP in previous year) real GDP in previous year 100.
C) (employment in the current year - employment in previous year)/employment in previous year 100.
D) (real GDP in current year - real GDP in previous year) 100.
E) (real GDP in current year - real GDP in previous year) real GDP in current year 100.

Question 2

Assuming all excess reserves are loaned out, if the reserve ratio is 8 percent, the money multiplier will be equal to

A) 2. B) 8. C) 12.5. D) 16.67.