Assume the Inflation Rate in 2016 Is 1

question 38

Multiple Choice

Assume the inflation rate in 2016 is 1.5 percent.If the nominal GDP grew 3.1 percent and nominal wages grew 2.0 percent,what are the approximate real growth rates of GDP and wages?

• A) 1.00%; 0.40%
• B) 1.15%; 0.50%
• C) 1.20%; 0.50%
• D) 1.40%; 0.90%
• E) 1.60%; 0.50%

---

Definitions:

Emotion

A multifaceted psychological condition that encompasses an individual's personal experience, physical reaction, and a response that is either behavioral or expressive.

Klüver-Bucy Syndrome

A neurological disorder characterized by dramatic changes in social and emotional behavior, often resulting from bilateral temporal lobe damage.