-By What Percent Did Real GDP Rise Between 2000 and \text

question 220

Multiple Choice

$\begin{array}{c} Year &GDP& GDP~ deflator& Ponulation \\\hline2000 & \$ 400 \text { billion } & 100 & 50 \text { million } \\2001 & \$ 600 \text { billion } & 120 & 60 \text { million }\end{array}$
-By what percent did real GDP rise between 2000 and 2001?

• A)0%
• B)20%
• C)25%
• D)50%

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Definitions:

Consumption

Household consumption of products and services.

Investment

The allocation of resources, usually money, in expectation of a future benefit such as profit or interest.

Gross Domestic Product

The total market value of all final goods and services produced within a country in a given period, used as a broad measure of a nation's overall economic activity.

Interstate Highway

A network of controlled-access highways that forms part of the National Highway System in the United States.