Say Nominal GDP Was $603

question 21

Multiple Choice

Say nominal GDP was $603.9 billion in 2001 and $572.3 billion in 2000,while the GDP deflator was 121.1 in 2001 and 117.7 in 2000.What was the growth rate of real GDP between 2000 and 2001?

• A)5.5%
• B)2.9%
• C)2.6%
• D)1.0%

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