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

question 62

Multiple Choice

Consider a country with a nominal gross domestic product (GDP) of $5 billion in 2010 and $15 billion in 2015.In the same period the population grew by 10 percent and price levels increased by 90 percent.What is the economic growth for this country?

• A) 90 percent
• B) 100 percent
• C) 110 percent
• D) 190 percent
• E) 200 percent