The Growth Rate of Real GDP Equals

question 17

Multiple Choice

The growth rate of real GDP equals

• A)[(employment in the current year - employment in previous year)/employment in previous year] × 100.
• B)[(real GDP in current year - real GDP in previous year)÷ real GDP in previous year] × 100.
• C)[(real GDP in previous year - real GDP in current year)÷ real GDP in previous year] × 100.
• D)[(real GDP in current year - real GDP in previous year)÷ real GDP in current year] × 100.
• E)(real GDP in current year - real GDP in previous year)× 100.

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Definitions:

Mortgagor

A borrower in a mortgage agreement who uses property as security for a loan.

Mortgagee

The mortgagee is the lender in a mortgage agreement, typically a financial institution, who lends money to the borrower (mortgagor) for purchasing real estate.

NINJA Loan

A loan that has been negotiated by a borrower with “no income, no job, and no assets.”

Qualifications

The skills, knowledge, and experiences that make an individual suitable for a specific job or activity.