In 2015, Nominal GDP Was $250 and Real GDP Was

question 140

Multiple Choice

In 2015, nominal GDP was $250 and real GDP was $200. In 2016, nominal GDP was $360 and real GDP was $240. What is the growth rate of real GDP between 2015 and 2016?

• A) 60%
• B) 40%
• C) 25%
• D) 20%
• E) none of the above answers

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