Consider the Following Information on GDP and CPI for an Economy

question 9

Multiple Choice

Consider the following information on GDP and CPI for an economy over the last 3 years. Calculate nominal GDP growth for 2019.
$\begin{array}{lll}&\text { GDE}&\text { CPI }\\2017 & 128.6 &104.1 \\2018 & 132.4 & 104.9 \\2019 & 136.8&105.8\end{array}$

• A)2.15%
• B)2.56%
• C)2.95%
• D)3.15%
• E)3.32%

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Definitions:

Return on Equity

A profitability ratio that highlights the level of profit a company achieves with the capital invested by shareholders.

Financial Statements

Comprehensive reports created to communicate an organization's financial performance, financial position, and cash flows over a specific period.

Days' Sales

This is a measure of a company’s operational efficiency, indicating how many days it takes for a company to turn its inventory into sales.