Suppose That Nominal GDP in 1990 Was $1,015

question 97

Multiple Choice

Suppose that nominal GDP in 1990 was $1,015.5 billion,and in 2000 it was $2,732.0 billion.The GDP deflator is 42.0 for 1990 and 85.7 for 2000,where 1992 is the base year.Calculate the percent change in real GDP in the decade from 1990 and 2000.Round off to the nearest percentage point.

• A)32%
• B)104%
• C)132%
• D)169%

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Definitions:

Corporate Social Responsibility

A business approach that contributes to sustainable development by delivering economic, social, and environmental benefits for all stakeholders.

Capital Investments

Expenditures made by an organization to acquire or upgrade physical assets, such as equipment, property, or industrial buildings, to create future benefits.

Budgeted Income Statement

A financial document forecasting the revenue, expenses, and net income for a specific future period.

Budgeted Balance Sheet

A financial statement that projects the future financial position of a company, estimating future assets, liabilities, and equity at a specific timeframe.