Suppose That Real GDP for 2013 Was $10 000 Billion

question 166

Multiple Choice

Suppose that real GDP for 2013 was $10 000 billion and real GDP for 2014 was $9500 billion.What is the rate of growth of real GDP?

• A) -10 per cent
• B) -1 per cent
• C) -5 per cent
• D) -2 per cent

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Definitions:

Fixed Costs

Financial obligations that don't fluctuate with the volume of production or sales, encompassing lease expenses, staff salaries, and indemnity costs.

Estimated Sales Price

The anticipated sale price of a product or asset, often used in budgeting and financial forecasting.

Sensitivity Analysis

A method for assessing the effects of varying independent variable values on a specific dependent variable, based on certain assumptions.

Discount Rate

The interest rate used to discount future cash flows to their present value, reflecting the opportunity cost of capital.