In a Small Country, Using Prices of 2010, GDP in 2010

question 195

Multiple Choice

In a small country, using prices of 2010, GDP in 2010 was $100 and GDP in 2011 was $110.Using prices of 2011, GDP in 2010 was $200 and GDP in 2011 was $210.The country's BEA will calculate ________ percent as the growth in real GDP between those years.

• A) 10
• B) 5
• C) 15
• D) 7.5
• E) None of the above answers is correct.

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Definitions:

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The biogeochemical cycle that describes the movement of phosphorus through the lithosphere, hydrosphere, and biosphere.

Biological Process

A series of events or actions among molecules in a living organism that lead to a certain product or a change in the organism.

Decomposition

The process by which organic substances are broken down into simpler forms of matter, mainly by microbial activity.

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The radiant energy emitted by the sun, which includes visible light, ultraviolet light, and infrared radiation.