If Nominal GDP for 2000 Is $6400 Billion and Real

question 96

Multiple Choice

If nominal GDP for 2000 is $6400 billion and real GDP for 2001 is $6720 billion (in 2000 dollars) ,then the growth rate of real GDP is

• A)0%.
• B)0.5%.
• C)5%.
• D)50%.

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Definitions:

Feasibility Study

An analysis that assesses the practicality and potential success of a proposed venture or project, considering factors like market viability, financial stability, and technical resources.

Feasibility Study

An analysis or assessment conducted to determine the viability or likelihood of success of a proposed project or venture.

Business Plan

A detailed document outlining the objectives, strategies, financial forecasts, and market analysis of a business.

Business Concept

A business concept that outlines fundamental details like the product or service being offered, the intended market audience, and a distinct selling point that provides the company with a competitive edge.