If Nominal GDP for 2009 Is $6400 Billion and Real

question 80

Multiple Choice

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

• A)0%.
• B)0)5%.
• C)5%.
• D)50%.

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Definitions:

Indirect Method

A way of calculating cash flows from operating activities by adjusting net income for changes in non-cash accounts.

Cash Dividends

A distribution of a company's earnings to its shareholders in the form of cash.

Statement of Cash Flows

A financial report that provides a summary of the cash inflows and outflows for a business over a specific period, categorizing them as operating, investing, or financing activities.

Operating Activities

Transactions involved in the main business functions of an entity, including revenue and expense activities.