Consider a Country with a Nominal Gross Domestic Product (GDP)of

question 72

Multiple Choice

Consider a country with a nominal gross domestic product (GDP) of $10 billion in 2010 and $11 billion in 2015.In the same period the population decreased by 4 percent and price levels increased by 5 percent.What is the economic growth for this country?

• A) 1 percent
• B) 4 percent
• C) 6 percent
• D) 9 percent
• E) 10 percent