Suppose Real GDP Was 120 in Year 1 and 156

question 149

Multiple Choice

Suppose real GDP was 120 in year 1 and 156 in year 2. The growth rate of real GDP is

• A) 5.6 percent.
• B) 18 percent.
• C) 30 percent.
• D) 36 percent.

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Definitions:

Existential Import

In logic, the implication that a statement assumes the existence of the subject it mentions.

Modern View

A contemporary perspective or interpretation on a topic, often differing significantly from traditional or historic stances.

Existential Import

Refers to the implication that a statement about a category has at least one member.

Modern View

A contemporary perspective or way of thinking about a subject, often contrasting with traditional views.