Suppose France's Real GDP Grew from $750 Billion in 2010

question 322

Multiple Choice

Suppose France's real GDP grew from $750 billion in 2010 to $821 billion in 2011.What was the growth rate of France's real GDP?

• A)10 percent
• B)9.5 percent
• C)9.1 percent
• D)8.6 percent
• E)$71 billion

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Definitions:

Living Costs

The necessary expenses that individuals incur in order to maintain a standard of living, including housing, food, taxes, and healthcare.

Expected Gains

Anticipated benefits or profits that are expected from an investment, project, or decision.

Total Wage Bill

The total amount of money paid by an employer to its employees as wages.

Domestic Output

The total value of all goods and services produced within the borders of a nation over a specific period of time.