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Author Question: Between 2013 and 2016, a country's nominal GDP grew by 18 percent and its inflation rate (based on ... (Read 107 times)

james

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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

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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


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