From 2009 to 2010,nominal Gross Domestic Product (GDP)in the United

question 14

Multiple Choice

From 2009 to 2010,nominal gross domestic product (GDP) in the United States grew by 3.8%.Given that prices increased by 1% and the population grew by 1%,we know that per capita real GDP grew by:

• A) 3.8%.
• B) 1.8%.
• C) 2.8%.
• D) 4.8%.
• E) 5.8%.

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Definitions:

Times Interest Earned

A ratio that measures a company's ability to meet its interest payments on outstanding debt.