If Real GDP for 2009 Is $6400 Billion and Nominal

question 110

Multiple Choice

If real GDP for 2009 is $6400 billion and nominal GDP for 2010 is $6720 billion (in 2010 dollars) ,then the growth rate of real GDP is

• A)0%.
• B)0)5%.
• C)5%.
• D)unknown based on the given information.

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Definitions:

Significant

Something that is important, noteworthy, or has a considerable impact or effect.

Potential Successor

An individual or entity considered likely to take over a role, position, or responsibility in the future.

Exit Strategy

A plan developed by a business or individual to sell ownership in the company, cease operations, or otherwise dispose of its operations and assets.

Outgoing CEO

The Chief Executive Officer who is in the process of leaving their current position, typically resulting in a transition of leadership.