If Nominal GDP Is $5

question 32

Multiple Choice

If nominal GDP is $5.43 (in billions) in 2007 and 2008 the level of nominal GDP rises to $6.11 (in billions) , what is the growth rate of nominal GDP?

• A) 12.5 percent
• B) -11.1 percent
• C) 11.1 percent
• D) -12.5 percent

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Definitions:

Short-haired

Describes an individual or animal with relatively short length of hair, often requiring minimal grooming.

Long-haired

Describes individuals or animals with considerably lengthy hair or fur.

Agile Feline

A cat characterized by quickness, lightness, and ease of movement, often used to describe their ability to navigate their environment skillfully.

Chubby Cat

A cat that is noticeably overweight or larger than average, often due to excessive feeding or lack of exercise.