Economists Observed the Following Growth Rates in the Fourth Quarter

question 47

Multiple Choice

Economists observed the following growth rates in the fourth quarter of 1995: real GDP = 2.8 percent; M1 = 7.8 percent; GDP Deflator = 2.2 percent.Given this data, the growth of nominal GDP was approximately

• A)12.8 percent.
• B)10.0 percent.
• C)5.6 percent.
• D)5.0 percent.
• E)0.6 percent.

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