In 2011, Armenia Had a Real GDP of $4

question 331

Multiple Choice

In 2011, Armenia had a real GDP of $4.21 billion and a population of 2.98 million. In 2012, real GDP was $4.59 billion and population was 2.97 million. What was Armenia's economic growth rate from 2011 to 2012?

• A) 0.38 percent
• B) 9.0 percent
• C) 3.8 percent
• D) 8.3 percent

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Definitions:

Depreciation Tax Shield

The reduction in taxes due to depreciation’s reducing taxable income.

Net Operating Cash Flows

The amount of cash that a company generates from its normal business operations after subtracting operating expenses.

Future Value

The value of an investment at a specified date in the future, accounting for specified interest rates or returns.

Net Present Value

A financial metric that calculates the value of a series of future cash flows in today's dollars, considering the time value of money.