Author Question: Between 2013 and 2016, a country's nominal GDP grew by 18 percent and its inflation rate (based on ... (Read 67 times)

james

  • Hero Member
  • *****
  • Posts: 573
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
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
 

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

For a complete list of videos, visit our video library