Author Question: Between 2013 and 2016, a country's nominal GDP grew by 18 percent and its inflation rate (based on ... (Read 109 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?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

For a complete list of videos, visit our video library