Janet Calculated the GDP Growth Rates for France Between 2010

question 227

Multiple Choice

Janet calculated the GDP growth rates for France between 2010 and 2011.Using 2010 prices for both years, GDP increased 5 percent.Using 2011 prices for both years, GDP increased 1 percent.Hence the chained-price method will calculate that between these years, real GDP increased by

• A) 1 percent.
• B) 3 percent.
• C) 5 percent.
• D) 6 percent.
• E) 4 percent.

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