Janet Calculated the GDP Growth Rates for France Between 2012

question 16

Multiple Choice

Janet calculated the GDP growth rates for France between 2012 and 2013. Using 2012 prices for both years, GDP increased 5 percent. Using 2013 prices for both years, GDP increased 1 percent. hence the chained-price method will calculate that between these years, real GDP increased by

• A)5 percent.
• B)4 percent.
• C)1 percent.
• D)6 percent.
• E)3 percent.

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