Answer to Question #272010 in Macroeconomics for lilo

Question #272010

calculate nominal economic growth rate

Expert's answer

Nominal economic growth rate is calculated by dividing Nominal GDP by Real GDP and then multiplying by 100.

Learn more about our help with Assignments: Macroeconomics

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. GDP at current prices and constant prices in economy x
2. Discuss whether a country should impose more trade restrictions
3. How would each of the policies listed in parts (a) through (b) change the Tanzi–Olivera effect?Req
4. First, explain what seigniorage is. Second, write out and explain the expression that represents sei
5. Discuss the various stages of economic development
6. Analyze how an unfavorable movement in the terms of trade is likely to affect a country,a.
7. how does the government use concepts of elasticity while deciding which goods to tax and how those d