Nominal GDP in a Country Was $8,759

question 4

Essay

Nominal GDP in a country was $8,759.9 billion in 2009 and $9,254.6 billion in 2010.The GDP deflator was 102.86 for 2009 and 104.37 for 2010.
(a)What is the growth rate of nominal GDP between 2009 and 2010?
(b)What is the inflation rate from 2009 to 2010?
(c)What is the growth rate of real GDP from 2009 to 2010?

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Definitions:

Information Divergence

Denotes the difference or discrepancy in information among parties, which can lead to various interpretations or understandings.

Knowledge Gap

The theory that information spreads unevenly across populations, leading to gaps in knowledge between different socio-economic groups.

Movie Studios

Facilities or companies equipped for the production of films, responsible for the creative and logistical aspects of movie making.

Buena Vista

A term that can refer to various locations and companies, notably a brand used by The Walt Disney Company for its film distribution.